Lee & Associates South Florida Brokers Record-Setting Industrial Land Sale in Lake Worth
Firm President Matthew Rotolante and Associate Rodrigo Calderon successfully represent seller in $6.8 million transaction
MIAMI, FL (May 7, 2024) – Lee & Associates South Florida completed the sale of a four-acre industrial parcel in Lake Worth, Florida. At $6.8 million, the transaction set a new pricing record for the submarket.
Firm President Matthew Rotolante and Associate Rodrigo Calderon successfully listed the 2201 Seventh Avenue North property on behalf of sellers Rolando and Lisa Silva. Roadriver Properties IV, LLC is the buyer. The transaction closed on April 19.
Located within the Lake Worth Park of Commerce immediately south of West Palm Beach, the parcel is zoned for light industrial and potential heavier uses, as well. It benefits from ideal positioning less than a half-mile from I-95 and 6.8 miles east of Florida’s Turnpike.
The buyer is a user. Its plans for the site have not been fully determined.
“We are proud and thrilled to have helped our sellers achieve the highest price per square foot for industrial land in Lake Worth,” Rotolante said. “As South Florida continues to grow, our goal has been to help owners further north achieve pricing consistent with denser submarkets to the south, and the premier logistics, zoning and access of this parcel - in addition to the stellar outreach and marketing that our team provided - is what allowed us to successfully execute on that strategy.”
A fourth-generation South Florida native, Rotolante consistently brokers impactful industrial land and warehouse sales and leases throughout the region. He has been involved in close to $1 Billion in in industrial deals over the past two decades and prides himself on leveraging his extensive experience and relationship on behalf of his customers.
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.
