{"id":9692,"date":"2024-07-22T19:32:20","date_gmt":"2024-07-22T23:32:20","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=9692"},"modified":"2024-08-26T14:22:50","modified_gmt":"2024-08-26T18:22:50","slug":"lee-associates-south-florida-closes-industrial-sale-in-sunrise-florida","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2024\/07\/22\/lee-associates-south-florida-closes-industrial-sale-in-sunrise-florida\/","title":{"rendered":"Lee & Associates South Florida Closes Industrial Sale in Sunrise, Florida"},"content":{"rendered":"
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\n\t\t\"Principal\n\t<\/div>\n\n

Principal Greg Milopoulos and Vice President Christian Baena complete off-market transaction on behalf of repeat client<\/h3><\/div><\/div>
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SUNRISE, FL (July 12, 2024)<\/strong> \u2013 Lee & Associates South Florida<\/a> Principal Greg Milopoulos<\/a> and Vice President Christian Baena<\/a> successfully brokered the off-market sale of an industrial building in Sunrise, Florida. The duo represented the buyer, Stonelake Capital Partners, in the transaction.<\/p>\n

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

The Sunrise transaction closed on July 1. Milopoulos and Baena procured the relationship with seller AYK Real Estate Corp. to facilitate the sale.<\/p>\n

\u201cI loved everything about this building, from the 80\u2019s 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\u2019t have access to.\u201d<\/p>\n

Milopoulos added that Stonelake \u201cwas extremely entrepreneurial and collaborative throughout the negotiations. These off-market transactions reflect the continued demand for well-located industrial real estate throughout the region.\u201d<\/p>\n

Located on 1.7 acres at 5251 NW 103rd Ave., the 24,050-square-foot warehouse includes dock height doors, 22\u2019 clear ceilings and a surface parking lot. The building is fully leased to an undisclosed tenant.<\/p>\n

\u201cGreg and Christian continue their strong output this year in a challenging broader environment for investment sales transactions,\u201d Lee & Associates South Florida President Matthew Rotolante<\/a> said. \u201cThey are talented, knowledgeable and have extensive industry relationships, which combined with our firm\u2019s platform create a formula for success amid any market conditions.\u201d<\/p>\n

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<\/a>, with Milopoulos heading up the firm\u2019s 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.<\/p>\n<\/div>\n<\/div><\/div>

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About Lee & Associates | South Florida<\/u><\/strong><\/a><\/p>\n

Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee & Associates\u2019 robust national network that sold and leased over $115 Billion over the last 5 years offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Instagram<\/a>, our company local news<\/a>.<\/p>\n

About Lee & Associates<\/u><\/strong><\/a><\/p>\n

Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee & Associates, visit\u00a0lee-associates.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div>

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\n\t\t\t\n\t\t\t\"Industrial\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

SUNRISE, FL (July 12, 2024) \u2013 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…<\/p>\n","protected":false},"author":76,"featured_media":9695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,105,1817,2],"tags":[1841,1840],"class_list":["post-9692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-industrial","category-investment-sale","category-press-releases","tag-christian-baena","tag-greg-milopoulos"],"yoast_head":"\nLee & Associates South Florida Closes Industrial Sale in Sunrise, Florida - Lee & Associates South Florida<\/title>\n<meta name=\"description\" content=\"Principal Greg Milopoulos and Vice President Christian Baena complete off-market Industrial transaction in Sunrise, FL on behalf of repeat client\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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