Lee & Associates Closes $12 Million Industrial Transaction

February 9, 2012

by The Hoyt Organization

Torrance, CA – February 9, 2012 – (RealEstateRama) — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $12 million sale consisting of two industrial buildings located at 11161 Slater and 17375 Mount Herrmann in Fountain Valley, Calif. With both properties totaling 113,857 square feet, the transaction amount is one of the largest in Orange County this year.

Senior Vice Presidents and Principals Pat Lacey and Jim Snyder of Lee Newport Beach represented the seller, PPII, LLC, a private real estate owner based in Orange County. The buyer and existing tenant in both buildings, Seven Pacific, represented itself.

Seven Pacific, which will continue to occupy the two large industrial buildings, uses the properties for mechanical engineering, design, manufacturing and vehicle integration.

About Lee & Associates:
Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 45 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, New York, Nevada, South Carolina, 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