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…