Lee & Associates Brokers in South Florida and Tampa Bay Collaborate on $2 million Industrial Property Sale in Tampa, FL

Julia Silva

TAMPA, FL, Oct. 14, 2024 – Lee & Associates South Florida Principal Greg Milopoulos and Senior Vice President Christian Baena worked with Lee & Associates Tampa Bay’s

Julia Silva and Erika Thompson to successfully broker the sale of an industrial building in Tampa. The seller is a repeat client of Milopoulos and Baena.

Erika Thompson

The $2.3 million transaction was a testament to the brokers’ creativity and resourcefulness. The 8806 Venture Cove building was originally being marketed for lease, but Milopoulos was able to negotiate a desirable price for their client, Dram Margate, LLC, to instead sell the property to VC Properties, LLC.

Greg Milopoulos

Located within 301 Industrial Park, the 17,156-square-foot building features two drive-in doors, three truck-well doors for dock-high access, a 2,200-square-foot office, 18’ clear height and 10 parking spaces.

 

Milopoulos and Baena have brokered three additional sales for this client and are marketing properties in New Jersey and Massachusetts on its behalf.

 

“The efficiency and simplicity we are able to offer clients that hire our team to represent them in various markets across the U.S. truly shine through,” Milopoulos said.

 

“Between my background in construction management and our ability to travel anywhere to put the right team in place, we substantially streamline the real estate transaction process. We encourage anyone seeking a single point of contact for all of their real estate needs to reach out.”

 Christian Baena

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’s Broward County industrial activities out of its Deerfield Beach office, and Baena working out of its Miami office.

 

Matthew Rotolante

The duo has closed on just over 150,000 square feet of sales and leases this year. They collectively work together representing clients in dispositions and generating investment sales opportunities throughout the tri-county area.

 

“Greg and Christian continue to find creative ways to leverage their relationships and the Lee & Associates platform to generate successful outcomes for their clients,” Lee & Associates South Florida President Matthew Rotolante said. “We applaud them on what has already been a prolific deal-making year and are excited to support their additional transactions over the rest of 2024 and beyond.”

 

 

CONTACT:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

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City of San Diego signs new 43,460 SF office lease in Downtown San Diego

Five50West, a 20-story, 362,822-square-foot
 office building located at 550 West C
Street in downtown San Diego, CA

  

SAN DIEGO, CA, Oct. 14, 2024 –– Confirming the attractiveness of high quality and well-located office space in urban submarkets, JLL has announced they have secured a 43,000-square-foot office lease with the City of San Diego at the recently renovated Five50West, a 20-story, 362,822-square-foot office building located at 550 West C Street in downtown San Diego.

Bess Wakeman

The City will be relocating its Development Services Department to the building with move-in planned for later this year.

 

The lease with City of San Diego is the latest tenant to relocate to Five50West.  In the past 12 months, JLL has seen a recent uptick in activity including additional  signed leases with SmithGroup Architects, Veritext Corp and Matthes Law.

Richard Gonor

Leading the office leasing at Five50West are JLL’s Richard Gonor, Tony Russell and Bess Wakeman.  The team secured the lease with City of San Diego and all other recent leases at the property.

 

  Five50West can accommodate a wide range of users, with current availability ranging from 2,000 to 80,000 square feet. 

Tony Russell

“Downtown and the overall San Diego office market is in a period of flux with landlords and developers working to create a new hub for businesses and residents,” said Gonor, JLL Executive Vice President. 

 

 “Employers and their employees want a dynamic workplace with amplified amenities, food & beverage offerings, outdoor collaborative spaces, all in a convenient location, and a safe environment.

 

Five50West has raised the bar downtown with their recent capital reinvestment into Frive50West which will be a model for other office landlords to emulate during the downtown transformation.”

 

 

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”