Tom OLoughlin and Larry Genet

CBRE’s Genet, O’Loughlin Negotiate Sale Of Trio Of Buildings

CBRE Vice President Larry Genet and CBRE Senior Vice President Tom O’Loughlin negotiated the sale of three Broward County properties.

2122-blount-road– 2221 Blount Road LLC paid $875,000 for an 8,332-square-foot standalone industrial building located at 2221 Blount Road in Pompano Beach, Florida from Seller Val Dawson. The deal closed October 30. The building is situated on 25,282-square-feet and was a former cosmetics manufacturing operation.

4342-east-tradewinds– Sarasota-based Kadampa Mediation Center Florida, Inc. purchased a two-story 4,502-square-foot free-standing office building located at 4342 E. Tradewinds Avenue in Lauderdale By The Sea, Florida. The 1972-built asset traded for $980,000 on October 19.from Seller Basin Drive LLC, an entity managed by Robert J. Dalton.

– A 3,889-square-foot warehouse building situated on 11,962 square feet of land at 1112 North Flagler Drive in Downtown Fort Lauderdale, Florida is under contract for $650,000 after just one week on the market. The sale is scheduled to close Q4 2016.

Genet and O’Loughlin represented the sellers in the transactions.

“The interest level and ultimate sale of these three unique buildings continues to demonstrate the desire for free-standing assets in Broward County,” commented Genet.  “The assets are well-positioned to take advantage of the growing demand for boutique space in the South Florida market,”

 

“There is perhaps a misconception that CBRE only lends itself to deals of a certain level, but these transactions demonstrate our team’s and the firm’s quickly secure international and all-cash buyers willing to pay top dollar via our global network.  Smaller boutique firms cannot match our marketing power and are rarely willing to spend the amount of marketing dollars we consistently put to work on behalf of our clients,” explained O’Loughlin. “Our team touches everything valued from a few hundred thousand dollars to tens of millions.”

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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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