SANTA MONICA, CA – February 2, 2012 – (RealEstateRama) — Larry Twomey, a principal with Lee & Associates-LA North/Ventura, Inc., transacted a 7,000-square-foot office building lease for the West Coast expansion of Weitbrecht Communications, Inc. (WCI) a solutions provider for the hearing impaired.
The 5-year lease at 1500 Olympic Blvd. in Santa Monica, CA is valued at $1,141,294.
Wisconsin-based WCI, which distributes over 50 products including CapTel telephones that display written captions of the conversation of the party called, along with a variety of text telephones, personal amplifiers and other products to assist those with hearing and speech impairments, will be relocating from a 3,100-square-foot building in Santa Monica.
“WCI has experienced tremendous growth and needed a building that would accommodate its space needs and give it a presence commensurate with its emerging position in its industry,” said Twomey. “This free standing office building meets all its criteria and allows the company to remain in the Santa Monica market.”
Twomey is marketing WCI’s former space for sublease effective Feb. 1. The 3,100-square-foot building near Colorado and Lincoln boulevards is fully furnished offering a tenant a turnkey, short-term solution at a very flexible lease rate, which is difficult to find in the Santa Monica market, Twomey said.
Joseph Gabbian, a broker with Grubb & Ellis, represented the building ownership, Gary and Cydney Mandel Revocable Trust.
About Lee & Associates® – LA North/Ventura, Inc.
Celebrating more than 30 years of leadership in the commercial real estate industry, Lee & Associates®, is the largest broker-owned commercial real estate provider in the nation with 45 offices in California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan,Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. Lee & Associates-LA North/Ventura, Inc., a member of the Lee & Associates group of companies, provides industrial, office, retail and multifamily/investment brokerage services across the San Fernando Valley, Conejo Valley, Antelope Valley and throughout Ventura County. Lee & Associates’ clients enjoy a comprehensive range of commercial real estate services including: sales and leasing; real estate investment consulting, property acquisition, disposition and 1031 exchange transactions; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and mar ket research. Founded in Sherman Oaks in 1994, Lee & Associates-LA North/Ventura now operates four California offices including Calabasas, Ventura County and Antelope Valley. For more information, contact us in the San Fernando Valley at 818.986.9800 or visit us online at www.lee-associates.com.