CBRE’s Tom O’Loughlin, Larry Genet Welcome 232,000-SF New-To-Market Tenant To Meridian At Weston Distribution Center

8/29/18

Tom O’Loughlin and Larry Genet

CBRE Senior Vice President Tom O’Loughlin and First Vice President Larry Genet negotiated a lease on behalf of landlord Clarion Partners to a new-to-market tenant at Meridian At Weston, a cross dock, Class A distribution center located at 3245 Meridian Parkway in Weston, Florida.

Newport Beach, California-based USL Cargo Services, represented by Luis Marquez, SIOR, Director with Casal Group, will occupy the entire 232,000-square-foot building.

USL Cargo Services was formed in January 2015 as a world class provider of integrated global logistics solutions. It is a strategic partnership between USL Logistics LLC and Cargo Services Far East Limited, headquartered in Hong Kong.

“Our team secured this long-term credit tenant for the full 232,000 SF in a challenging Weston Industrial submarket competing with several large vacancies,” commented O’Loughlin. “Clarion Partners entrepreneurial edge proved invaluable in getting this transaction done.”

Meridian at Weston is situated on ±11.17 acres of land conveniently located less than one mile from I-75 between Griffin Road and Royal Palm Boulevard exits in Weston Meridian Business Campus, with excellent access to I-595 and the Florida Turnpike. The property features tilt-wall construction, steel rebar roof support systems with single-ply membrane roof and Class IV fire suppression system. Electric service consists of ±2,200 Amps/ 480 Volt and is 3 phase. The building has guard gate access to the loading area and abundant trailer parking, according to a property flyer.

Owner Clarion Partners Industrial Group manages a portfolio with over 600 properties, consisting of almost 120 million square feet and currently valued at more than $10 billion, located in approximately 43 markets across the United States, Mexico and Brazil.

Miami-based Casal Group is a full-service commercial brokerage serving the South Florida industrial and office markets.

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 8.1 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 Larry Genet: CBRE First 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.

For more information, please call 954-331-1740 or visit http://www.dockhighwarehouse.com.

About CBRE Group, Inc.: CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartering in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at http://www.cbre.com.

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