FORT LAUDERDALE, FL—Short sales are still working through the commercial real estate system—and industrial properties are no exception. Frenzel Enterprises just disposed of a 23,911-square-foot industrial flex building on a short sale.

CBRE arranged the sale of the industrial asset on behalf of Frenzel, which owned and occupied the building. Powerline Road LLC acquired the discounted property for use by a marble and granite sales and distribution company.

“The building received minimal interest for about one year despite a great location, quality construction and exposure,” Harry Tangalakis, senior vice president with CBRE, tells GlobeSt.com. “Suddenly, we had interest from several vendors of marble and granite. We later learned the neighboring site has leased to a company in the same industry. We could be seeing the beginning of the new epicenter for marble and tile distributors in Broward County.”