Lee & Associates’ Greg Milopoulos & Christian Baena Close Commercial Property Sale in Davie
Principal Greg Milopoulos and Vice President Christian Baena complete transaction, which set price per square foot record for submarket
DAVIE, FL (March 15, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $3.45 million sale of a commercial property in Davie, Florida. At $415 per square foot, the transaction set a new price per square foot record for the submarket. It did not include the sale of the business.
The sale of the 2601 Reese Road property closed on March 12. Glenn’s Automotive was the seller. The buyer was not disclosed.
Glenn’s Automotive operated an auto repair shop out of the freestanding 8,300-square-foot building in Davie, which was constructed in 2008 on just over one acre. The property includes outdoor storage and ample parking, with frontage along I-595 and Florida’s Turnpike. That gives the building visibility to over 370,000 daily motorists.
“Glenn has been a longtime family friend and operator of one of the most pristine shops in Broward County for over 20 years,” Milopoulos said. “It was time for him to wind down and enjoy some time off with his family after a long career in the industry, so above all else, I’m just happy we were able to help him accomplish this.”
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.
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.
