Innova Eco System Brings Building B At Pompano Beach Commerce Park To 100% Occupied

May 26, 2020 No Comments by

CBRE Senior Vice Presidents Tom O’Loughlin and Larry Genet, along with Associate Michael Oretsky, represented owners Redfearn Capital, Foundation Capital Partners and Wheelock Street Capital in a 14,946-square-foot lease deal with Innova Eco System at Pompano Beach Commerce Park, located at 1541 N Powerline Road in Pompano Beach.

Pompano Beach Commerce Park totals ±351,702 square feet and is situated on ±16.92 acres of prime I-1 zoned land. It offers 850 linear feet of frontage on Powerline Road. O’Loughlin and Genet negotiated the sale of the park to the current owners in November 2019 for $26 million. Stroupe Property Holdings and Superior Property Holdings, both managed by Alex Fryburg, Robert Fryburg and David Fryburg, sold the three warehouses.

CBRE'S Tom O'Loughlin, Larry Genet & Michael Ortesky

Innova Eco System, a construction panel manufacturer, will occupy the remaining square feet in Building B, leaving only 30,458 square feet available in the park. That space, located in Building A features a ±2,042-square-foot office, 24’ clear ceiling height, 2 dock high doors and 2 drive-in doors.

O’Loughlin and Genet have more than thirteen and a half million square feet of product for lease or sale in South Florida and completed 150 transactions in 2019.

 

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News
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