Asset management and construction firm Mears Group Inc. will be moving into a newly-purchased 10,000-square-foot warehouse at 19051 Northeast Third Court near North Miami Beach in early fall.
The company operates under the construction giant Quanta Services.
CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet represented the seller in the transaction.
The industrial property, which is situated on a 3.5-acre site, was recently purchased by Spring Miami LLC for $3.75 million. Records show the seller, Barr Miller & Gill Partners, bought the property for $184,400 in 1971 — the same year BellSouth — what AT&T had previously been called — signed on as a tenant.
Tommy Gil with Vivo Real Estate Group, Inc. represented Mears.
Source: The Real Deal
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.
