The purchase represents the expansion of the companies’ manufacturing facility from an 18,000-square-foot location in Fort Lauderdale to more than double the space at the new site in Pompano Beach.
CBRE’s Larry Genet, Tom O’Loughlin, and Zack Krawiec negotiated the sale.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin represented the seller, New York-based Imperium Capital, in the transaction.
CBRE’s Larry Genet, Tom O’Loughlin, Noah Ohayon and Zack Krawiec negotiated the sale.
The tenant will be relocating and expanding from its current location at Miramar Park of Commerce.
CBRE’s Tom O’Loughlin, Larry Dinner and Larry Genet are the leasing agents for the project.
“As Port Everglades Distribution Center was nearing completion, Challenge Warehousing initially agreed to terms to lease half of the new building. Within one month of leasing 41,099 square feet, Challenge won some new customers and they quickly decided to lease the entire building,” explained Conte.
CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon negotiated the sale.
The Butters Realty & Management Industrial Brokerage Team of JC Conte, SIOR and Brian T. Ahearn, CCIM represented the interest of Challenge Warehousing, Inc. in the transaction. Tom O’Loughlin and Larry Genet with CBRE represented the Landlord, Link Logistics.
Tom O’Loughlin of CBRE represented the landlord, GPT SW 12TH AVENUE OWNER LLC, in the lease deal.