A nationwide distributor of aftermarket tires, parts and lubricants has signed a long-term lease for 97,326 square feet of space at the Bridge Point I-95 industrial park in Fort Lauderdale.
Bridge Development Partners LLC this week completed the agreement with U.S. Venture Inc., whose U.S. Autoforce will use the space as a Southeast Florida distribution point. Its corporate office is in Appleton, Wisconsin.
CBRE Vice President Larry Genet (pictured above), along with Jeffrey Kapcheck, Senior Vice President in CBRE’s Chicago office. CBRE First Vice President Tony Hoover represented Bridge Development Partners in the deal.
“We are pleased to welcome U.S. Venture to our prestigious tenant roster at Bridge Point I-95,” said Kevin Carroll, a principal of Bridge Development Partners’ Miami office. “Our value-add strategy to seek out superior property locations and reposition them with carefully planned industrial parks continues to allow us to stabilize assets with quality tenants and deliver solid returns for our investors.”
With the agreement, Bridge Point I-95, which is located at 2200 West Sunrise Blvd., is 77 percent leased, Bridge Development said. Floor & Décor occupies Building 1 at the two-building, 306,466-square-foot park. Autoforce leased Building 2 with 70,000 square feet remaining.
Source: Bridge Development Partners
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.
