Fort Lauderdale, FL – April 8, 2015 – CBRE has arranged a long-term lease between Clarion Partners and Gold Coast Freightways for a 230,600-square-foot, Class A distribution building in Weston, FL. Gold Coast Freightways, a less-than-truck-load carrier with corporate offices in Miami, FL, and six terminals, leased the facility. CBRE represented the owner, Clarion Partners, in the lease.
“The ability of Clarion Partners to creatively structure the lease created a win-win solution for both tenant and landlord,” said CBRE First Vice President Tom O’Loughlin. “The tenant initially occupied half of the building and will now take over the entire space. The facility offered many of the features Gold Coast Freightways was seeking and allowed a deal to be structured in a way to maximize the value for all parties.”
“Clarion Partners is excited to grow an existing tenant within its portfolio,” said Clarion Partners Vice President Jesse Harty. “CBRE and Luis Marquez of the Casal Group were able to work together to achieve the objectives of both, landlord and tenant. We look forward to a long-term relationship with Gold Coast Freightways.”
CBRE Senior Associate Larry Genet collaborated with Mr. O’Loughlin in leasing the property. Gold Coast Freightways was represented on both transactions by Luis Marquez of the Casal Group.
About Clarion Partners, LLC
Clarion Partners has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in São Paulo, Brazil and London, England, as well as a presence in Mexico. With $33 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. The Firm’s industrial footprint is comprised of more than 105 million square feet across 46 markets across the U.S., Mexico and Brazil. More information about the firm is available at www.clarionpartners.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
elizabeth.cross (at) cbre (dot) com
melinda.sherwood (at) cbre (dot) com