CBRE Negotiates 28,000 SF Lease In Hollywood

7/13/20

CBRE Senior Vice Presidents Larry Genet,Tom O’Loughlin and Senior Associate Jake Zebede negotiated the lease of a 27,945-square-foot space at Hollywood Commerce Center, located at 2850 Greene Street in Hollywood, Florida.

Located in southeast Broward County, Hollywood Commerce Center features a high-end corporate office build out, 6 dock-high overhead doors, 1 ramp and is fully-sprinklered The property also has excellent curb appeal and street presence on both North 29 Avenue and I-95.

United Hardware Supply is the new tenant in the building. New York-based developer Steven Samuels paid $7.35 million for the vacant 60,000-square-foot industrial/flex building in July 2018, with plans to reconfigure and re-tenant the property.

“We have provided real estate services for several owners of this property throughout its lifetime,” commented Genet. “Getting this lease done during the pandemic was no small feat. We are fortunate to be achieving these results for our clients.”

The team, which NAIOP South Florida recently recognized as Industrial Broker Team of the Year at its annual Awards of Excellence event, represented the landlord. Gary Tankoos of American Network Commercial represented the tenant.

About Larry Genet: CBRE Senior Vice President Larry W. Genet 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 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.

About Tom O’Loughlin: CBRE Senior Vice President Tom O’Loughlin specializes in providing brokerage services to owners and occupiers of industrial property in the South Florida region. Tom’s experience incorporates representation for local, regional and national clients, and includes investment sales disposition, owner-occupant acquisitions, tenant agency, and landlord representation. With over ten years of experience in the industrial sector, Tom has provided oversight for more than 13 million square feet in leasing and sales transactions in Broward and Miami-Dade counties. Tom holds the prestigious SIOR and CCIM designations and is an active member of CBRE’s Industrial Advisory Council—a select national group of professionals gathering and evaluating business intelligence to develop comprehensive business strategies for the company.

About Jake Zebede: CBRE Vice President Jake Zebede specializes in commercial real estate sales and investments. He serves investors and businesses in the South Florida Region. Jake earned his undergraduate degree in business from NYU Stern and a post-graduate degree in Real Estate and Investments from UCLA. Jake grew up living and breathing South Florida real estate, and he has extensive knowledge of both local and national markets. He is fluent in English and Spanish.

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