Dania Beach, FL – August 7, 2014 – (RealEstateRama) — CBRE arranged a lease at Lakeview Center, a Class A industrial park owned by an affiliate of Industrial Income Trust Inc. (IIT), in Dania Beach, FL. The relocation of the premium resort-wear brand Lagaci, Inc. brings the 210,350-square-foot property to 90% occupancy and further tightens the availability of Class A industrial space in Southeast Broward County. CBRE represented the landlord.
“This deal demonstrates the strength of this asset as well as this market, where quality space is in short supply,” said CBRE’s Larry Genet. “Prospering companies, particularly those looking for 25,000 square feet and under, are either upgrading or centralizing, moving from several small bays to full-service spaces under one roof.”
In response to the growth of its resort and surf-wear business, Lagaci is relocating from its current 15,000-square-foot corporate office and headquarters at Dania Design Center to Lakeview Center. Built in 1983, the seven-building industrial park features professional ownership, new corporate offices and showroom, 100% air conditioning in select bays, functional dock high loading and 20-foot clear height.
CBRE’s Genet, Tom O’Loughlin, and Harry Tangalakis are exclusive leasing representatives for Lakeview Center. Lagaci was represented by Matthew Jones of Levy Realty Advisors, Inc.
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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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.
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