ORANGE, Calif. – October 17, 2016 – Lee & Associates, the largest broker-owned commercial real estate firm in North America, is pleased to announce the completion of leases by the Orange office totaling approximately 73,384 square feet, located throughout Southern California. The total value of the leases is approximately $5.12 million. Recent lease transactions include:
- 1260 N. Sunshine Way in Anaheim, California – 11,737± SF Industrial Building for a Lease Value of $688,245. Leased to Hibshman Trading Corporation Johnny Eubanks, 714-564-7107
- 14525-14535 Firestone Blvd. in La Mirada, California – 8,742± SF Industrial Building for a Lease Value of $696,216. Leased to Hose-Man, Inc. Rob Leiter, 714-564-7103
- 15991 Red Hill Ave. in Tustin, California – 1,943± SF of Office Space for a Lease Value of $125,906. Leased to Thermeon Worldwide, Ltd. Jaimeson Hearne, 714-564-7146
- 22925 Savi Ranch Pkwy. in Yorba Linda, California – 8,958± SF Industrial Building for a Lease Value of $382,224. Leased to Peter Pan Novelty Co. Bryan Miller, 714-564-7123
- 1050 E. Valencia Drive in Fullerton, California – 34,999± SF Industrial Building for a Lease Value of $1,427,054. Leased to RocketMail LLC. Greg Diab, 714-564-7171 & Jack Haley, 714-564-7172
- 211 W. Katella Ave. in Orange, California – 1,916± SF of Retail Space for a Lease Value of $168,731. Leased to J & J Day Spa, LLC. Allen Buchanan, 714-564-7104 & Joshua Harper, 714-564-7116
- 14729 Springs Ave. in Santa Fe Springs, California – 23,650± SF Industrial Building for a Lease Value of $1,030,674. Leased to Friend Metals Co., Inc. Scott Seal, 714-564-7159 & Johnny Eubanks, 714-564-7107
- 300 S. Harbor Blvd. in Anaheim, California – 1,536± SF of Office Space for a Lease Value of $193,526. Leased to HisChannel. Marshal Vogt, 714-564-7117; Jaimeson Hearne, 714-564-7146; Jonmark Fabiano, 714-564-7167 & Erik Thompson, 714-564-7151
- 22725 E. La Palma Ave. in Yorba Linda, California – 6,315± SF of Industrial Space for a Lease Value of $370,200. Leased to RC Electric International. Johnny Eubanks, 714-564-7107
- 880 S. Rose Place in Anaheim, California – 5,088± SF Industrial Building for a Lease Value of $167,959. Leased to Stellar Installations, Inc. Scott Seal, 714-564-7159
Demand for industrial space surged in the third quarter, driving the amount of available space down further into record territory. The Q3 vacancy rate fell to 2.5%., according to Lee & Associates’ 3rd Quarter Market Reports, and net absorption totaled 744,306 sq. ft. as inventories tightened countywide.
About Lee & Associates
Lee & Associates – Orange has a team of 50 agents and brokers that have provided expert commercial real estate services in and around Orange County, since 1983. Lee & Associates is the largest broker-owned firm in North America with 52 locations across the U.S. and more than 800 brokers nationwide, providing a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates – Orange, visit Lee & Associates – Orange or follow us on Facebook, LinkedIn, Google+ and Twitter.