{"id":9750,"date":"2024-08-08T10:49:59","date_gmt":"2024-08-08T14:49:59","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=9750"},"modified":"2024-08-08T10:50:00","modified_gmt":"2024-08-08T14:50:00","slug":"lee-associates-south-florida-brokers-industrial-sale-leaseback-transaction-in-pompano-beach-florida","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2024\/08\/08\/lee-associates-south-florida-brokers-industrial-sale-leaseback-transaction-in-pompano-beach-florida\/","title":{"rendered":"Lee & Associates South Florida Brokers Industrial Sale-Leaseback Transaction in Pompano Beach, 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 Industrial transaction in Pompano Beach on behalf of repeat client<\/h3><\/div><\/div>
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\"PrincipalPOMPANO BEACH, FL (August 6, 2024)<\/strong> \u2013 Lee & Associates South Florida<\/a> Principal Greg Milopoulos<\/a> and Vice President Christian Baena<\/a> 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cWe 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\u2019ve found in each of our dealings with Stonelake, both parties have walked away as winners,\u201d Milopoulos said. \u201cIn 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.\u201d<\/p>\n

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\u2019 clear ceiling height.<\/p>\n

\u201cGreg and Christian are a prolific team, as evidenced by the several impressive transactions the duo has brokered for this existing client in 2024,\u201d Lee & Associates South Florida President Matthew Rotolante<\/a> said. \u201cWe are excited to see what the team accomplishes over the rest of the year and beyond.\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, 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 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<\/a>, 24,050 SF in Sunrise<\/a>, and 22,118 SF in Lake Worth Beach<\/a>. They collectively work 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":"

POMPANO BEACH, FL (August 6, 2024) \u2013 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…<\/p>\n","protected":false},"author":76,"featured_media":9754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,105,1817,2],"tags":[1841,1840],"class_list":["post-9750","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 Brokers Industrial Sale-Leaseback Transaction in Pompano Beach, 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 Pompano Beach on behalf of repeat client...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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