CBRE Brings First Building At Bridge Point Powerline Road To 100% Occupied With 173,000 SF Lease Deal

Wholesale apparel distributor TSF Sportswear will significantly expand its facilities as it moves into a new headquarters in Pompano Beach.

Bridge Development Partners said the company leased 172,927 square feet to fully occupy the first building of its Bridge Point Powerline Road project at 1951 N. Powerline Road.

TSF Sportswear will relocate from a 101,000-square-foot space at 1501 W. Copans Road.

The landlord was represented by Tony Hoover of CBRE.

“TSF had outgrown its existing headquarters but wanted to remain in Pompano Beach to maintain its employee base,” Hoover said. “Bridge Development was the only developer that could offer an expansive 170,000+-square-foot floor plate. TSF’s new modern facility allows for future growth and is sure to deliver efficiencies to their supply chain, thanks to a prime distribution location midway between the Florida Turnpike and I-95.”

TSF Sportswear is a wholesaler of T-shirts, sweatshirts, hats and other apparel from brands such as American Apparel, Badger Sport, Dickies, Outdoor by Hilton, Sierra Pacific, Van Heusen and Whispering Pines.

The three buildings of Bridge Point Powerline Road should be delivered in the third quarter of 2019. The project will total 467,832 square feet.

“This strong preleasing activity is a testament to our project’s unparalleled location and flexible offerings, combined with the unprecedented demand we continue to see across South Florida for well-located and designed industrial facilities that meet the changing needs of today’s users,” said Kevin Carroll, partner in the Southeast region for Bridge Development Partners.

Bridge Development Partners expects to deliver more than 1.75 million square feet of industrial space in South Florida over the next 12 months.

 

Source:  SFBJ

Website | + posts

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.

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.   

PhoneEmailLinkedIn
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.

PhoneEmailLinkedIn