Butters, Bristol Group Break Ground On New 275,000-SF Industrial Project

In what is poised to be the largest new master planned business park in Broward County since 2011, a joint venture between Butters Construction and Development and San Francisco-based Bristol Group has broken ground on two new industrial buildings at Hillsboro Technology Center in Deerfield Beach.

The new buildings, known as Building E and Building F, total 275,000 square feet and will provide warehouse users with up to 32’ clear height, 55’ column spacing, 180’ wide truck courts, and a minimum of four docks per unit. The buildings can be demised down to 15,000 square foot units and will provide users with attractive features such as ESFR sprinklers, high impact glass, motion activated T5 warehouse lighting and ample parking.

“We’re excited to expand on an already great business park in Deerfield Beach,” said Malcolm Butters, President of Butters Construction and Development. “This location, at a four-way interchange along I-95, will attract a large variety of tenants looking for a modern facility to strategically service the entire South Florida market. The location provides ease of access to the tri-counties via I-95 and is the only set of new industrial buildings at an I-95 interchange in South Florida.”

The two new buildings are slated to be ready for occupancy in October 2018.  At completion, the entire business park will total approximately 900,000 square feet and will feature six state-of-the-art Class A warehouse distribution facilities, as well as Marriott Fairfield Inn & Suites hotel and an office building which will also house a day care center serving the park.

The business park is expected to be completed by 2020.

David Williams, Managing Director and head of industrial acquisitions for Bristol Group in South Florida states “the site’s strategic location two miles south of Boca Raton on the county line of Broward and Palm Beach counties has attracted tenants migrating out of more expensive and older in-fill markets. They realize they don’t have to travel very far to get incredible high-image industrial space and still save a lot in rent. Thus, tenants can have the best of both worlds – a highly efficient modern facility at a much lower operating cost.”

Construction on the 75-acre Hillsboro Technology Center is now almost 50% complete. Bristol Group and Butters have already completed 260,000 square feet of Class A industrial product, as well as a brand new 90,000 square foot two-story office building, at the project. Hillsboro Technology Center is currently 95% leased with tenants such as UPS, The Learning Experience, Empire Today, ShipMonk and Rhino Paper.

The Hillsboro Technology Center is expected to create as many as 3,500 construction jobs and host about 1,500 permanent jobs upon completion.

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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.

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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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