Seagis Property Group Acquires Industrial Complex In Miami

Date: Author: Larry Genet

Philadelphia-based Seagis Property Group announced on Wednesday that it has acquired Airport International Center, a two-building, 207,000-square-foot warehouse complex in the Airport West submarket of Miami.

The purchase price was not disclosed.

The multi-tenant buildings, which are located at 5501-5505 NW 72nd Avenue, feature 4,500 square foot tenant bays, with both dock-high and street-level loading serving each tenant space. The project is located approximately 2 miles from Miami International Airport and 13 miles from the Port of Miami.

“We continue to see strong demand for these highly functional small-bay infill warehouse units. Airport International Center is a natural complement to our South Florida portfolio, which now includes 92 buildings and 5 million square feet in the Dade and Broward County marketplace.” Ronald Marrero, Director of Leasing and Investments.

Seagis Property Group LP owns and operates over 10 million square feet of industrial buildings in logistically driven locations along the Eastern Seaboard.

 

 

Larry Genet
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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.

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Larry Genet
Senior Vice President

Larry W. Genet is a Senior Vice President in the CBRE, Inc. Miami, FL office. He is a consistent Top 10 producer locally and Top 10% in the Americas Industrial & Listings business line. Co-leading the top multimarket institutional level landlord team, Larry has closed some of the most significant deals in our market selling land, portfolios, one-off buildings and completing critical leases. Clients count on Larry to put their Marketing Action Plans into motion and execute by being a proactive force to fill vaccines and get buildings sold quickly and for top dollar. He and Tom O’Loughlin oversee the largest landlord portfolio in the South Florida market.   

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Tom O’Loughlin has earned a reputation of being one of the top performing brokers in South Florida. As a trusted advisor, Tom has fostered relationships with our market’s top brokers making sure they deliver quality tenants to his client’s buildings. Tom is exceptional at understanding client’s needs, the obstacles they wish to overcome and creating a clear plan to succeed in surpassing all goals. A relative encyclopedia of market knowledge, building owners and businesses, not many brokers know our market better. Tom’s goal is to foster his client relationships and become their trusted advisors while delivering superior results regardless of the size or complexity of the transaction.

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