Lee & Associates South Florida Closes Single Tenant 29,000 square foot Industrial Property Sale in Fort Lauderdale
Principal Greg Milopoulos and Vice President Christian Baena complete transaction and are retained by new owner to lease warehouse building
MIAMI, FL (February 9, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the sale of a Fort Lauderdale warehouse off market to Stonelake Capital Partners which closed January 9 of this year. The duo has also been retained by the new owner to exclusively lease the 29,000 sf warehouse with plans to bring it to market this summer.
“We leveraged existing relationships with both the seller and buyer to facilitate a smooth transaction,” Milopoulos said. “We look forward to commencing our leasing campaign on behalf of Stonelake this summer and anticipate substantial interest given the building’s location and features.”
The 1.24-acre property is just two miles from I-95 and three miles from Florida’s Turnpike. It also benefits from being near the prominent Central Broward intersection of Powerline and West Cypress Creek roads. The building includes 3,000 square feet of office space equally split over two stories, two dock-height loading doors, two grade-level doors, 20-foot clear ceilings and over 30 parking spaces.
Milopoulos and Baena have more than 20 years of development, investment sales, landlord and tenant representation experience in South Florida. They joined Lee & Associates South Florida in 2023, with Milopoulos heading up the firm’s Broward County industrial activities out of its Deerfield Beach office, and Baena working out of its Miami office. The duo collectively works together representing clients in dispositions and generating investment sales opportunities throughout the tri-county area.
“With this new transaction and leasing assignment, Greg and Christian demonstrate what makes them a formidable tandem and huge asset to our team,” Lee & Associates South Florida President Matthew Rotolante said. “They deftly utilize our firm’s resources to complement the strong relationships and market knowledge cultivated over their impressive careers. We will continue to support their dealmaking efforts and look forward to a very productive 2024 as a firm.”
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased over $32 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
