777 Congress Ave

CBRE Sells Delray Beach Showroom/Office/Warehouse To Real Estate Investor

CBRE Senior Vice Presidents Tom O’Loughlin and Larry Genet represented the buyer in the purchase of a ±58,250 square foot showroom/office/warehouse located at 777 Congress Avenue in Delray Beach.

CBRE's Tom O'Loughlin & Larry GenetThe buyer, Naples, Florida-based Collier Enterprises, “manages a broad range of businesses engaged in real estate investment and development, agriculture and private equity investments,” according to the company’s website.

New-to-market Collier Enterprises purchased the building, which is situated on 4.9 acres, from seller Seven 77 Congress PTNR LTD, for $7.8 million. The deal closed March 29.

“Our team was fortunate to exclusively represent Collier Enterprises,” commented Genet. “They are a first-class organization and I’m excited to the see the property redeveloped.”

The seller was represented by CBRE Executive Vice Presidents Robert Smith and Jeff Kelly, and CBRE First Vice President Kirk Nelson. The team had several backup contracts on the property at the time of closing.

The property is located along the Congress Avenue Redevelopment Corridor and features unobstructed visibility from Interstate 95 as well as Congress Avenue.

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Meet The Team

Larry Genet
Senior Vice President

Larry W. Genet is a Senior Vice President in the CBRE, Inc. Miami, FL office. As part of the CBRE platform Mr. Genet can provide a wide range of services from local to Fortune 1000 clients including agency and tenant representation, asset or portfolio management, high level logistics, labor and data analytics prior to site selection, project/construction management, capital markets, owner user sales and valuation advisory services. CBRE is the global leader for real estate services worldwide.

Tom O'Loughlin
Senior Vice President

Tom O’Loughlin has earned a reputation of being one of the best landlord brokers in South Florida. As a trusted advisor, Tom has fostered relationships with our market’s top brokers making sure they deliver quality tenants to his client’s buildings. Tom is exceptional at understanding client’s needs, the obstacles they wish to overcome and creating a clear plan to succeed in surpassing all goals. A relative encyclopedia of market knowledge, building owners and businesses, not many brokers know our market better.