LEE & ASSOCIATES IRVINE COMPLETES $2.8 MILLION OFFICE REO TRANSACTION

LA HABRA, Calif. —June 28, 2011 — The Irvine office of Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on a $2.8 million REO sale of a 35,618-square-foot office property called La Habra Town Center I & II in La Habra, Calif.

Lee Irvine’s Andrew Robben and Brian Garbutt represented Chase Bank, which sold the property located at 100, 110 and 120 E. La Habra Blvd.  The bank REO was sold by Robben and Garbutt in less than 90 days on the market with an all cash transaction.  The buyer for Town Center Office La Habra, LLC, was represented by David Black and Michael Lawrence of Marcus & Millichap.