Tag Archive for: larry genet

CBRE’s Genet, O’Loughlin Negotiate Record Price In Sale Of Former Post Office Building

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CBRE Senior Vice President Tom O’Loughlin and Vice President Larry Genet negotiated the sale the Former Post Office Building located at 4350 North Andrews Avenue in Oakland Park, to a new-to-market company.

Andrews Ave. Estate LLC, dba Panda Kitchen & Bath, a kitchen and bathroom supply store, purchased the property for $2,500,000, or approximately $123.00 per square foot.

CBRE's Tom O'Loughlin & Larry GenetO’Loughlin and Genet represented the seller, RLC LTD, in the transaction, which closed March 2.

The one-story, 20,368-square-foot Class C building, which is situated on 2.34 acres, was built in 1965 and has been used as a post office facility since 1996. The building offers direct frontage on Andrews Ave., with 20,500 cars passing per day. The single tenant, freestanding property features 14′ -16′ ceiling heights and a parking lot that can accommodate 106 parking spaces.

 

“The building was in poor condition with all kinds of specialized build-out by the prior tenant, the United States Post Office,” explained Genet. “It took some serious vision and strategic planning to develop a custom marketing program that relied heavily on digital renderings.  Ultimately, that plan generated multiple offers for sale and lease.”

 

“This is the third residential construction-related deal our team has done in the past two months,” added O’Loughlin. “Stone & marble, cabinet, fixture and furniture companies are all experiencing tremendous growth with the addition of thousands of apartment and condo units being built this cycle.”

According to its website, Panda Kitchen & Bath’s philosophy is to save the customer money by owning the quarry and manufacturing plant, thereby providing the best quality product and the best service at the fairest price, allowing customers to afford quality kitchens and bathrooms that they couldn’t afford before.

 

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CBRE’s Larry Genet Tapped To Lead Leasing Efforts For New-To-Market Fort Lauderdale Office Campus

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CBRE Vice President Larry Genet has been exclusively engaged to market the Spectrum Technology Campus, located at 2050 Spectrum Boulevard in Fort Lauderdale.

Located within the Commercial Boulevard corridor at the corner of NW 44th Street and NW 21st Avenue, the ±128,830-square-foot, four-story, new-to-market Class “A” campus represents an exceptional opportunity for Corporate Headquarters users to occupy one of the most unique and dependable technologically-advanced campus in South Florida, with ±7:1000 RSF parking ratio. The property is expandable to ±188,830 SF with a ±60,000 RSF build-to-suit expansion.

Spectrum-Technology-Campus-Buildings

Spectrum Technology Campus offers the ability to maintain continuous operations, 24/7/365 through utilization of the campus data bunker, generator, 10,000-gallon fuel tanks and 100% battery back-up/UPS system. The campus offers immediately available robust facilities with redundant power systems capable of providing sufficient power to maintain continuing campus operations without FP&L service, along with communication and operational support systems that are required to limit the operational risks associated with contingent and uncontrollable weather events.

A marSpectrum Technology Campusketing flyer recently distributed indicated that “ownership is extremely progressive and deeply believes in creating a custom experience for its tenants while building long-term relationships” and “management is focused on providing enhanced Associate experiences, while also creating operational synergies and efficiencies for its tenants.”

The unique property is conveniently located close to I-95 on Commercial Blvd. and offers an on-site restaurant, work out center with locker rooms, 4 elevators, high-end upgrades, plug and play availability, incredible amounts of natural light, with multiple footprint options and expansion capabilities. With bus service at Spectrum Technology Campus and Tri-Rail within walking distance, Operational Team members and resources have transportation options from various locations within Miami-Dade, Broward and Palm Beach counties.