FORT LAUDERDALE, FL—Call it a mega lease. CBRE arranged a long-term, 230,600-square-foot industrial deal between Clarion Partners and Gold Coast Freightways.

Gold Coats, a less-than-truck-load carrier with corporate offices in Miami and six terminals, leased the class A industrial facility in Weston, FL. CBRE represented Clarion. 

“The ability of Clarion Partners to creatively structure the lease created a win-win solution for both tenant and landlord,” says 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.”

CBRE senior associate Larry Genet collaborated with O'Loughlin in leasing the property. Luis Marquez of the Casal Group represented Gold Coast in both transactions.

“Clarion Partners is excited to grow an existing tenant within its portfolio,” says Clarion 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.”

Recently, in another large industrial lease renewals in Broward County, KeHE Distributorsjust inked a 201,849-square-foot renewal at Meridian Business Campus. With the average user in the Broward market occupying 29,000 square feet and the median building size at 30,000 square feet, large blocks of space for 50,000 square feet and above are relatively sparse, Avison Young Reports.