Torrance, CA – May 24, 2011 – (RealEstateRama) — Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, closed the $1.8 million sale of a 22,400-square-foot industrial property at 5217 Industry Ave., in Pico Rivera, Calif.
Senior Vice Presidents Jeff Bethel of Lee & Associates’ City of Industry office and Peter D. Bacci of Lee & Associates-Central Los Angeles represented both the buyer and seller in the transaction. Daniels Western Meat Packers, Inc., a meat and food products supplier since 1953, purchased the property in an all cash deal from Burke & McCoy Family Trusts.
“The collaboration between the two Lee & Associates offices proved beneficial for buyer and seller alike,” said Bethel. “This arrangement provided the opportunity to connect the right buyer with the right seller.”
“The structure at Lee and Associates allows us to work very efficiently with agents from other offices and benefits our clients with better market knowledge and service,” Bacci noted. “As a result, the transaction moved quickly through the due diligence phase, and the buyer was able to acquire a critical property for expansion.”
Daniels Western Meat Packers will remodel and add on to an adjacent existing facility to further grow its meat packing and distribution business. The single-building property is located near the I-5 and I-605 freeways.
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 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, 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.
