CBRE Senior Vice President Tom O’Loughlin, First Vice President Larry Genet and Senior Vice President David J. Wigoda, SIOR negotiated the sale of Tamarac Corporate Headquarters, a ±46,704 sq. ft. Class A industrial/flex building located at 6401 Nob Hill Road in Tamarac.
Nash Buildings, LTD purchased the ±46,704-square-foot property, which closed on September 17, 2018, for $7,250,000.
The Seller, New Jersey-based DeraPropertiesFL, LLC, was represented by O’Loughlin, Genet and Wigoda. The buyer was represented by Luis Marquez, Senior Director at Casal Group. The transaction closed on September 17, 2018.
“Our team successfully closed this transaction with virtually no downtime for previous ownership,” said Genet. “We were able to identify an owner-user who needed immediate occupancy and could close very quickly, thus preventing our client from experiencing any downtime. It was a win-win for both parties, the new owner plans to relocate their business to the facility.”
The property was recently occupied by Toshiba Business Solutions. Located just north of Commercial Boulevard on Nob Hill Road, Tamarac Corporate Headquarters is in an ideal location for businesses looking to service the tri-county market. The building features excellent loading capabilities, high-end exteriors and interiors, impact glass as well as a 100% climate controlled warehouse.
The City of Tamarac is strategically located in the center of Broward County, between Miami-Dade and Palm Beach Counties in South Florida. Tamarac is located within minutes of several major highways, the Ft. Lauderdale Hollywood International Airport and Port Everglades. The city covers a 12-square mile area and is home to more than 60,000 residents and approximately 2,000 businesses.
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.
