CBRE’s Larry Genet, Tom O’Loughlin, and Noah Ohayon OAH Negotiated The Sale
Deerfield Beach, FL (October 12, 2022) – CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Associate Noah Ohayon, negotiated the sale of a ±22.7-acre industrial service facility site located at 2501 Wiles Road in Deerfield Beach, Florida.
Chicago, Illinois-based Industrial Outdoor Ventures (IOV), a real estate investment and development company, purchased the site. No other brokerage firm was involved in the transaction.
The deal closed Oct. 11.
"IOV performed brilliantly executing this transaction,” commented Genet. “In a time where retrading sellers is commonplace, IOV performed without any issues due to their understanding of the market and best in class underwriting."
“Infill ISF sites of this scale are extremely hard to come by, especially in a market as land constrained as South Florida,” added Anthony DeLaurentis of Industrial Outdoor Ventures. “When we were made aware of the opportunity, this was an immediate drop what you’re doing and act type deal, which is exactly what we did. The site has great versatility for a single or multi-tenant scenario, and we’re looking forward to working with the CBRE team as we hit the market for lease.”
In February, Industrial Outdoor Ventures purchased a 4.03-acre industrial zoned site located at 1801 NW 15th Avenue in Pompano Beach, Florida. Represented by Genet and O’Loughlin in both the purchase and lease, IOV purchased the site from a private investor and leased the entire property to MB United, a truck parking operation company.
ERIC JOHNSON
Senior Vice President, Development & Acquisitions
Phone: 312.898.2978
Email: eric@iovre.com
ANTHONY DELAURENTIS
Acquisitions Officer
Phone: 847.595.0263
Email: anthony@iovre.com