Lee & Associates San Diego County Negotiates $6.7 Million 10-Year Industrial Lease

Lee & Associates San Diego County Negotiates $6.7 Million 10-Year Industrial Lease

Torrance, CA – November 29, 2010 – (RealEstateRama) — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease of a 98,000-square-foot LEED Certified industrial building located at 2633 Progress St. in Vista, Calif., in San Diego County. The lease is valued at approximately $6.7 million.

Team AIM, consisting of Adam Robinson, Isaac Little and Marko Dragovic of Lee & Associates-North San Diego County, represented landlord Wilco Investments in the transaction. The tenant, McCain, Inc., was represented by Don Grant of Cassidy Turley/BRE Commercial, and will be using the property for office, R&D, manufacturing and distribution.

“This is one of the largest industrial lease transactions completed in San Diego County this year,” said Robinson.

According to team AIM, the property was recently constructed in the second quarter of 2010 and was the only building of its class available in this size range. The LEED Certified facility has a high image corporate design, expansive glassline, foam roof, dock and grade-level loading, two-story entry, heavy power and state of the art construction.

“We were very pleased with the Lee & Associates team,” Wilco Investments said. “Our building was heavily marketed throughout the construction phase and we were able to secure a quality tenant shortly after completion.”

About Lee & Associates
Celebrating 31 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

SHARE

Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.

Contact:

Phone: 310-373-0103

Previous articleRising Commodity and Materials Prices Drive Turner Building Cost Index to Slightly Increase for Fourth Quarter 2010
Next articleCharles Dunn Company Negotiates Downtown L.A. Lease Renewal for Associated Press