SUNRISE, FL (July 12, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the off-market sale of an industrial building in Sunrise, Florida. The duo represented the buyer, Stonelake Capital Partners, in the transaction.

Stonelake is an existing client of Milopoulos and Baena, who also brokered a January 2024 off-market deal in Fort Lauderdale, where Stonelake purchased a warehouse and retained the duo to lease it.

The Sunrise transaction closed on July 1. Milopoulos and Baena procured the relationship with seller AYK Real Estate Corp. to facilitate the sale.

“I loved everything about this building, from the 80’s retro color scheme to the way it was situated on the property. In short, there is a great story behind this deal that touches on several of the unique skillsets our team brings to each transaction that our competitors simply don’t have access to.”

Milopoulos added that Stonelake “was extremely entrepreneurial and collaborative throughout the negotiations. These off-market transactions reflect the continued demand for well-located industrial real estate throughout the region.”

Located on 1.7 acres at 5251 NW 103rd Ave., the 24,050-square-foot warehouse includes dock height doors, 22’ clear ceilings and a surface parking lot. The building is fully leased to an undisclosed tenant.

“Greg and Christian continue their strong output this year in a challenging broader environment for investment sales transactions,” Lee & Associates South Florida President Matthew Rotolante said. “They are talented, knowledgeable and have extensive industry relationships, which combined with our firm’s platform create a formula for success amid any market conditions.”

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.