Lee & Associates Closes $11.3 Million Industrial Sale


WASHINGTON, D.C. – April 30, 2013 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has closed a 94,250-square-foot industrial property at 1900 Carnegie for $11.3 million.

“With industrial availability at scarce levels, buyers are becoming more aggressive in this infill market,” said Vice President Dale Camera of Lee’s Irvine office who, along with Senior Associate Jason Helmick, represented the buyer One Morgan, LLC. “Local economic indicators are pointing in a positive direction and historically low interest rates are impacting the commercial and residential market with an influx of buyers.”

Built in 2000, the Class A dual tenant property has 60,000 square feet available for lease. According to Camera, the high image property is a perfect fit for any corporate headquarters looking to benefit from a world class location. Centrally located in the Irvine Business Complex, the location offers any company the ability to effectively attract a work force from North and South Counties. Unsurpassed retail amenities and local infrastructure also make this property an appealing opportunity for an incoming tenant.

The seller Rilco-Essex, LLC was represented by Chip Wright of CBRE.

About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 48 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

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