CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet negotiated a lease on behalf of Clarion Partners at Pompano Business Center in Pompano Beach, FL. The tenant, Interline Brands, a division of Home Depot, leased 46,800 square feet in Building H, located at 2012 NW 25th Street in Pompano Beach, Florida.
Interline Brands, Inc., headquartered in Jacksonville, Florida, is one of the largest wholesale distributors and direct marketers of maintenance, repair and operations products for non-industrial businesses in the United States.
“Clarion’s proactive ownership and management program helped solidify the deal,” commented O’Loughlin. “We are thrilled that Interline Brands is going to call Pompano Business Center home.”
The Class A building features ±24’ clear height with 18 dock high doors and 1 double-wide drive-in ramp, according to a property flyer.
Owner Clarion Partners Industrial Group manages a portfolio with over 600 properties, consisting of almost 120 million square feet and currently valued at more than $10 billion, located in approximately 43 markets across the United States, Mexico and Brazil.
Interline Brands was represented locally by Rick Etner of Cushman and Wakefield.
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.
