LAKE WORTH, FL (March 28, 2024) – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $4.07 million sale of an industrial building in Lake Worth Beach, Florida. The duo exclusively marketed the property on behalf of an existing client that it also represented in a Fort Lauderdale disposition last month. The freestanding industrial manufacturing facility at 1830 Second Ave. N. was sold for the full asking price. Milopoulos…
Lee & Associates’ Greg Milopoulos & Christian Baena Close Commercial Property Sale in Davie
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….
Lee & Associates South Florida Closes Single Tenant 29,000 square foot Industrial Property Sale in Fort Lauderdale
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…
Lee & Associates South Florida Completes Sale of Downtown Fort Lauderdale Commercial Building
MIAMI, FL (September 1, 2023) – Lee & Associates South Florida Principal, Greg Milopoulos, closed the sale of a downtown Fort Lauderdale commercial building that has future redevelopment potential. The $2.425 million transaction closed on Aug. 24 above the initial asking price. Milopoulos marketed the 900-901 N. Andrews Ave. site on behalf of seller John Mar III LLC. KP Storage LLC is the buyer. The property includes a 3,941-square-foot retail/industrial building and vacant lot encompassing…
Industrial Landlords More Willing to Negotiate Lease Terms, Report Says
Industrial Landlords More Willing to Negotiate Lease Terms, Report Says By Erik Bojnansky – South Florida Business Journal May 1, 2023 Although rents continue to rise in South Florida, landlords are more willing to negotiate with tenants on lease terms, a recent brokerage report states. According to Lee & Associates’ industrial market overview report, the average asking rent for an industrial space was $15.40 per square in the first quarter of 2023, a 28.23%…
Accomplished Industrial Brokers Join Lee & Associates South Florida
MIAMI, Florida—March 30, 2023 — Lee & Associates South Florida further strengthened its market-leading team of industrial real estate specialists with the partnership arrival of new Principal Greg Milopoulos and Vice President Christian Baena. The duo has more than 20 years of development, investments sales, landlord and tenant representation experience in the region. Based in Lee & Associates South Florida’s Deerfield Beach office, Milopoulos will head up the firm’s Broward County industrial activities while Baena…