Hollywood Industrial Property Sells For $387 PSF
The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert.
Andrew Lehrer and Wayne Schuchts with SRS Real Estate Partners, along with Denise Chaimovitz, MA, SIOR of Entre Commercial, represented Setna in the lease negotiations. Devin White, Tom O’Loughlin, and David Albert with CBRE represented the landlord, Dalfen Industrial.
The transaction was brokered by SVN | Commercial Partners’ Lydia Montaigne, along with co-brokers Michael Oretsky and Tom O’Loughlin of CBRE.
Larry Genet and Tom O’Loughlin with CBRE represented IOV in the lease transaction and are the exclusive representatives for the property and are positioning the development’s ability to meet the needs of e-commerce, distribution, corporate headquarters or manufacturing operations with heavy parking requirements.
The two-building portfolio was fully leased at the time of sale.
The 25-building industrial portfolio totaling 1,393,972 square feet is comprised of properties located in Davie, Deerfield Beach and
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
The CBRE team has been retained to handle leasing for the property. Built in 1999, the single-story building features 24-foot clearance and three dock-high doors as well as a ramp.
CBRE’s Jose Lobón, Trey Barry, and Frank Fallon represented the seller in the transaction. The CBRE National Partners sales team was assisted by CBRE’s Royce Rose, Alain Bonvecchio, and Tom O’Loughlin.
The project is being marketed for lease by the CBRE team led by Tom O’Loughlin, Larry Dinner, and Larry Genet.
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