POMPANO BEACH, FL (August 6, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered an industrial sale-leaseback in Pompano Beach, Florida. The duo represented both the buyer and seller in this off-market transaction - its fifth closed deal in Broward County this year.

Stonelake, who acquired the asset, is an existing client of Milopoulos and Baena. This closing marks its third of the year with Milopoulos and Baena.

The Pompano Beach transaction closed on July 24. Milopoulos and Baena procured the off-market seller, PAVI LLC (aka Mikro Corp.), to facilitate the sale. PAVI leased back 26,000 square feet within the 33,300-square-foot warehouse building as part of the transaction.

“We continue to create opportunities for our existing client to expand its South Florida commercial real estate portfolio while also building relationships with those open to the idea of selling. You often hear that there is only one winner in negotiations, but we’ve found in each of our dealings with Stonelake, both parties have walked away as winners,” Milopoulos said. “In this instance, we identified a mutually beneficial opportunity for the seller to maintain its presence in the building and Stonelake to acquire a prime industrial asset.”

Located at 1701 Blount Road, the multi-tenant building also includes 3,500 square feet of office space and has three dock-high doors, one grade-level door and 20’ clear ceiling height.

“Greg and Christian are a prolific team, as evidenced by the several impressive transactions the duo has brokered for this existing client in 2024,” Lee & Associates South Florida President Matthew Rotolante said. “We are excited to see what the team accomplishes over the rest of the year and beyond.”

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 who has closed on just over 150,000 square feet of sales and leases this year, including a 29,000 SF warehouse in Fort Lauderdale, 24,050 SF in Sunrise, and 22,118 SF in Lake Worth Beach. They collectively work together representing clients in dispositions and generating investment sales opportunities throughout the tri-county area.