Lee & Associates Closes a $3.3 million Office Sale in Glendora
ONTARIO, CA – April 12, 2013 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, closed a $3.3 million investment sale of a 22,500 square foot office building at 2001 E. Financial Way in Glendora, California.
The Walton Associated Company sold the office building to Glenridge Partners, LLC both parties were represented by Todd Launchbaugh of Lee’s Ontario office. The two story office Class A building has 22,500 square feet, was built in 1990 and is situated on approximately 1.19 acres. The major tenant will be CDS Insurance Services who will be moving their business from San Dimas to the building.
Todd Launchbaugh stated that, “I have been working with the Walton companies for over 20 years. When they indicated that they may sell the building, we knew that Glendridge would be the perfect buyer that would respect the quality construction and the location of this trophy building. The two parties reached an amicable deal very quickly and we were able to provide a business solution that satisfied all parties.”
The office building is located at 2001 E. Financial Way in Glendora, facing Route 66 and just north of the 210 Freeway, east of Lone Hill Avenue and South of the Glendora Country Club. Nearby tenants include: National Hot Rod Association, LoopNet Inc, Grace Communion International, and Goodwill
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About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, 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.
About CDS
CDS Insurance Services was formed in 1996 by Chuck Swan. Currently has 30 employees and do about $45,000,000 in insurance premiums annually. Full service insurance agency writing all lines of insurance policies including workers’ comp, group medical & dental, property, liability, auto. Also has two highly experience personal lines vice presidents who service all of our clients personal insurance needs like homeowners insurance, auto, RV’s, second homes, boats, off road vehicles and personal umbrellas. We also provide in house risk management and expert loss control services to all of our clients and have an in house Surety Bond Department anchored by Andy Shaker, CPA. Our clients vary in size from sole proprietors all the way to 1,000 employee firms. The type of businesses range from General Contractors and Trade Contractors, Manufacturing and Wholesale operations, retail businesses, and many non-profit operations.
