LEE & ASSOCIATES NEGOTIATES SEVEN UNIT MULTI-FAMILY SALES TRANSACTION

Lompoc, Calif.—July 13, 2007—Lee & Associates, the fourth largest full service commercial brokerage company in the nation has closed a sales transaction for a Multi-Family property totaling 7,000 square-feet located at 732 N. D. Street in Lompoc, Calif.

Steve Battaglia of Lee & Associates’ Santa Maria office, represented the seller, a Santa Barbara resident. Lucy Padila of Sotheby’s International Realty represented the buyer Padilla.

About Lee & Associates
Celebrating more than 27 years of leadership excellence in commercial real estate, Lee & Associates is the fourth largest full-service commercial brokerage company in the nation.  As a group of independently owned and operated companies, Lee & Associates currently has 31 offices located in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin.  Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research.  Additional information is available at www.lee-associates.com.