CBRE Senior Vice Presidents Tom O’Loughlin and Larry Genet arranged a 124,280-square-foot lease deal on behalf of Propulsion Technologies International, LLC, an aircraft maintenance company, at 15301 SW 29 Street in Miramar, within Miramar Centre Business Park.
“This lease renewal cements our team’s ability to deliver quality tenants to South Florida owners” commented Genet. “Not only are we a dominant agency team in the market but this is the third Fortune 500 tenant we have placed in the Heitman Portfolio in under two years, two of which were over 100,000 square feet.”
CBRE Senior Vice President Larry Dinner represented the landlord, Heitman, in the lease renewal and was instrumental in getting the parties to agree on terms. Dinner represents over 2 million square feet of Class A warehouses in Broward County.
Propulsion Technologies, an entity owned by a joint venture between GE Aviation and Safran, will continue to occupy Building D in its entirety. The 2006-built facility features 24’ clear heights and 26 docks.
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.
Larry has extensive experience in landlord agency, tenant representation, acquisitions, dispositions and property management. As a third-generation commercial real estate professional and South Florida native, Larry boasts deep community ties, an intimate knowledge of the South Florida market and numerous professional contacts. Larry’s leasing expertise of industrial, office, land, retail and medical properties coupled with his experience in acquisitions and dispositions gives him the ability to represent a myriad of clients in the South Florida market. Additionally, Larry controls a portfolio of 13.5 million square feet allowing him to see every deal in the market. This ensures his clients never miss an opportunity. His knowledge of tenants and buyers in the market is top notch and when coupled with his team's vast portfolio, it's a winning combination.
