CBRE Senior Vice President Tom O’Loughlin and Vice President Larry Genet arranged the 24,490-square-foot lease deal for Ram Tool Construction Supply, a leading service company for buyers of construction supplies.
The building, located at 3585 NW 54th Street, in Fort Lauderdale, is situated on 2.56 acres and features approximately 2,231 square feet of office space and a 21,490 warehouse, with 11 dock doors, 5 dock doors with pit levelers, 8 grade doors, T5 lighting, 24’ clear ceiling heights, and ESFR sprinklers with excess capacity for storage, staging or parking, according to a CBRE property flyer.
O’Loughlin and Genet represented GLP, the landlord, in the lease transaction.
GLP owns and manages a global portfolio of more than 600 million square feet, with dominant market positions in China, Japan, US and Brazil. Domestic consumption is a key driver of demand for GLP. The Company is also one of the world’s largest real estate fund managers, with assets under management of approximately $39 billion.
O’Loughlin and Genet were the sole brokers in the transaction.
This distribution/manufacturing facility is located in the Fort Lauderdale Commerce Park, just three traffic lights from Florida’s Turnpike and adjacent to Fort Lauderdale Executive Airport (FXE).
Source: CRE-sources
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.
