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Elite Aluminum Sells Building, Buys Land for Larger Facility

MIAMI-The patio enclosure manufacturer sold a 71,250-sf building to Case Holding Co. for $2.4 million. It also purchased 10.31 acres of land from Lyons Tech II LLC for $2.47 million and plans to construct a 200,000-sf build-to-suit-for-purchase facility there for $6 million.

By Melissa Bogdany | Updated on December 18, 2002

MIAMI-Elite Aluminum Corp. has sold its second warehouse/distribution building and has purchased land to build a new facility in South Florida that will be twice the size of its previous two buildings combined.

Most recently, Elite Aluminum sold a 71,250-sf building on 4.8 acres of land to Case Holding Co., an investment company based in Fort Lauderdale for $2.4 million, or $33.68 per sf. This 11-year-old property, located at 1801 N.W. 64th St. in Fort Lauderdale, is the company’s current headquarters.

Elite Aluminum, which manufactures high-end patio enclosures, will stay in the facility for about 12 months until its new building is finished, Harry Tangalakis, a broker who represented Elite Aluminum in the deal, tells GlobeSt.com. Tangalakis is senior vice president with the Palm Beach County office of CB Richard Ellis Inc.

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