CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet negotiated a lease on behalf of landlord Clarion Partners to a new-to-market tenant at Meridian At Weston, a cross dock, Class A distribution center located at 3245 Meridian Parkway in Weston, Florida.
Newport Beach, California-based USL Cargo Services, represented by Luis Marquez, SIOR, Director with Casal Group, will occupy the entire 232,000-square-foot building.
USL Cargo Services was formed in January 2015 as a world class provider of integrated global logistics solutions. It is a strategic partnership between USL Logistics LLC and Cargo Services Far East Limited, headquartered in Hong Kong.
“Our team secured this long-term credit tenant for the full 232,000 SF in a challenging Weston Industrial submarket competing with several large vacancies,” commented O’Loughlin. “Clarion Partners entrepreneurial edge proved invaluable in getting this transaction done.”
Meridian at Weston is situated on ±11.17 acres of land conveniently located less than one mile from I-75 between Griffin Road and Royal Palm Boulevard exits in Weston Meridian Business Campus, with excellent access to I-595 and the Florida Turnpike. The property features tilt-wall construction, steel rebar roof support systems with single-ply membrane roof and Class IV fire suppression system. Electric service consists of ±2,200 Amps/ 480 Volt and is 3 phase. The building has guard gate access to the loading area and abundant trailer parking, 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.
Miami-based Casal Group is a full-service commercial brokerage serving the South Florida industrial and office markets.
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.
