MARGATE, FL (July 9, 2026) – Lee & Associates South Florida Principal, Greg Milopoulos, Senior Vice President Christian Baena, and Associate James Glockner successfully brokered the $2.55 million sale of Park Plaza, a 6,466-square-foot retail property located at 2401 North State Road 7 in Margate. The Lee & Associates team exclusively represented the seller, Tropical Development LLC, in the transaction to an undisclosed Buyer. The sale closed on June 18.

Situated on approximately 1.31 acres, the recently renovated retail plaza features 265 feet of frontage along North State Road 7 (US-441), providing exceptional visibility to more than 52,000 vehicles per day. The property includes two tenant spaces totaling 6,466 square feet, 51 parking spaces and zoning that accommodates a variety of retail and medical uses.

The property's location within one of Broward County's busiest commercial corridors attracted significant interest from buyers seeking well-positioned assets with long-term flexibility. Park Plaza is surrounded by major retailers, restaurants and regional destinations, while offering convenient access to Coral Springs, Coconut Creek, Pompano Beach and the Florida Turnpike.

"Highly visible commercial sites with more than 250 feet of frontage on US-441 rarely become available in this market," Milopoulos said. "The client worked hard to achieve a few outstanding items with the City and we sincerely not just his efforts but the opportunity.” c

Baena said the transaction reflects continued demand for well-located commercial properties despite a competitive investment environment.

Milopoulos and Baena continue to represent owners, investors and users throughout South Florida in the acquisition and disposition of industrial, retail and investment properties, with a growing focus on sourcing off-market opportunities and executing complex transactions across Broward, Miami-Dade and Palm Beach counties.