Elite Aluminum Sells $1.95M Warehouse in One-Year Leaseback Deal

MIAMI-The company will continue to occupy the 36,000-sf in Pompano Beach, FL, for a year, at which time the new Fort Lauderdale owners will find another tenant.

By Melissa Bogdany | September 09, 2002 at 01:01 AM

The space includes a footprint of 33,000 sf Elite Aluminum plans to lease back for one more year, Christopher Gallagher, an associate with the Palm Beach County office of CB Richard Ellis Inc., says in a prepared statement.

After the year, the new owners plan to lease the space to another tenant. Gallagher and CBRE senior vice president Harry Tangalakis negotiated for Elite Aluminum.

Daniel DuCharme of the Fitzgerald Group Inc., Fort Lauderdale, represented the buyers.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.

1 Multifamily Faces Steepest Price Drop Since 2008

2 Ten Markets Where Millennials are Putting Down Roots

3 CRE Shows First Signs of Stress From Tariff Uncertainty

4 Overlooked Markets Offer Strong Returns for Diligent Investors

5 CRE Finds Its Footing as Price Gaps Narrow

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information

Electronics Manufacturer Makes Houston’s Largest Industrial Buy of 2025

By Anthony Russo | July 02, 2025

The asset spans one million square feet, as investors continue to target the city's Northwest submarket.

Electronics Manufacturer Makes Houston’s Largest Industrial Buy of 2025

Triangle Industrial Portfolio Fetches $555M in Landmark Sale

By Erika Morphy | July 02, 2025

The record-breaking sale signals the strength of the region’s industrial market.

Triangle Industrial Portfolio Fetches $555M in Landmark Sale

Retail Added to Massive Industrial Park in Bid to Attract and Retain Talent

By Erika Morphy | July 01, 2025

The addition of retail highlights the changing priorities at industrial facilities.

Retail Added to Massive Industrial Park in Bid to Attract and Retain Talent

2025 State of Renter Delinquency and Default link

Report

Sponsored by TheGuarantors

2025 State of Renter Delinquency and Default

Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.

Browse More Resources ›

CRE Property Management Assessment: Your Building Operations Scorecard link

Assessment

Sponsored by Building Engines

CRE Property Management Assessment: Your Building Operations Scorecard

How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.

Browse More Resources ›

5 Strategic Moves to Protect Your Multifamily NOI in 2025's Squeeze link

White Paper

Sponsored by TheGuarantors

5 Strategic Moves to Protect Your Multifamily NOI in 2025's Squeeze

Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.

Browse More Resources ›