MonthLEE Featured Transactions: February 2019
(Bedford Park, IL) - Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a lease transaction for a 134,852-square-foot industrial space located at 5025 W. 73rd Street, Suite A in Bedford Park, Ill.
Jeff Janda, SIOR and Brian Vanosky, Principals of Lee & Associates’ Illinois office, represented the owner, GLP. Pete Roberson, Scott Brandwein and Jake Ehrenberg of CBRE represented the tenant, Ruggable.
(Seattle, WA) - Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a $25 million sale transaction for a 78,941-square-foot neighborhood shopping center located in Bonney Lake, Washington.
“The Sale of the Market at Lake Tapps is an excellent example of the Lee Network opening opportunities for our clients across multiple markets.” said Shane Jimenez, Principal and CFO of the Boise, Idaho office. Mr. Jimenez added, “We were fortunate to have a solid team in place up in Seattle to handle a very sophisticated transaction. After much hard work and effort, the Peterson team in our Seattle office was able to get the job done
(Charleston, SC) - Lee & Associates Charleston’s Reid Davis, CCIM, SIOR represented the Owner, Rogers Corner, LLC in the $8.35 Million sale of the 14,550 SF Walgreens store located at 7501 Rivers Avenue, North Charleston, SC. The standalone building is located on the high traffic corner of Rivers Avenue and Ashley Phosphate Road nearby Walmart, Target, Home Depot and Chick-fil-a.
(HOUSTON, TX) – Lee & Associates, a nationwide leader in commercial real estate services, represented Adkisson Group Inc., in its acquisition of nearly 225 acres near Baytown for the development of a business park.
Bay 10 Business Park, as it’s known, is located on the west side of Grand Parkway just south of I-10 East and is zoned for light industrial and heavy industrial uses. It’s currently home to SAFE Chemicals, Zachary Corporation and National Tube. In addition to offering sites for sale or build to suit, Adkisson Group Inc. will begin permitting and construction on several 10,000 to 30,000 SF freestanding buildings that will offer crane capabilities and acreage for outside storage.
“We believe Bay 10 Business Park is poised to benefit from the continued growth on the southeast and east side of Houston. The location along the grand parkway just south of I-10 east provides great access to both the Port of Houston and petrochemical industries,” says Robert McGee, principal at Lee & Associates – Houston. “It is very difficult to find industrial land sites under 10 to 15 acres, in this area, that are already zoned to light industrial or heavy industrial. Currently most of the business parks nearby only cater to larger rail served sites. We think there is plenty of demand for non-rail served sites as well. At Bay 10, we can accommodate requirements as little as 1 acre or as much 86 acres.”
Robert McGee, Thomas Leger, Chase Cribbs and Josh Cheatham of Lee & Associates – Houston represented Adkisson group on the sale and will take on the marketing assignment. Davis Adams, Rusty Tamlyn, and Trent Agnew represented the seller,
(New York, NY) - The public relations powerhouse BerlinRosen is expanding to 24,500 square feet at 15 Maiden Lane.
The firm has 17,500 feet in the downtown building that sits between Broadway and John Street.
They will take over the additional 7,000 feet on the fourth floor later this year through a sublease. The company started here in 2007 with just shy of 5,000 feet and now has the entire 11th, 15th and 16th floors. Asking rents are $42 a square foot.
(Duluth, GA) - Lee & Associates Atlanta represented DOW Electronics in a 62,885-square-foot renewal in Duluth, Georgia. DOW Electronics is a regional distributor, serving 11 southern states and Puerto Rico, and supports independent retailers with outstanding products, solutions and services. Trip Ackerman of Lee & Associates Atlanta represented the tenant, and Mason Lee Cardwell with Colliers International represented the landlord.
(Carlsbad, CA) - Lee & Associates North San Diego County represented Honma Golf USA in a $5,836,267 office lease of a 17,150-square-foot space at 6023 Innovation Way in Carlsbad, California. This completed the relocation of Honma’s North American Headquarters to the golf company capital of the world. Stephen Crockett of Lee & Associates - NSDC represented the tenant, the landlord was RAF Pacifica Group.