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. He is a consistent Top 10 producer locally and Top 10% in the Americas Industrial & Listings business line. Co-leading the top multimarket institutional level landlord team, Larry has closed some of the most significant deals in our market selling land, portfolios, one-off buildings and completing critical leases. Clients count on Larry to put their Marketing Action Plans into motion and execute by being a proactive force to fill vaccines and get buildings sold quickly and for top dollar. He and Tom O’Loughlin oversee the largest landlord portfolio in the South Florida market.   

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Tom O'Loughlin
Executive Vice President

Tom O’Loughlin has earned a reputation of being one of the top performing 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. Tom’s goal is to foster his client relationships and become their trusted advisors while delivering superior results regardless of the size or complexity of the transaction.

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