Lee & Associates Closes On $2.1 Million Parcel Sale In San Luis Obispo


Torrance, CA – June 9, 2011 – (RealEstateRama) — Lee & Associates Central Coast, a full-service commercial real estate brokerage firm, has closed on the $2.1 million sale of a 1.12 acre parcel in San Luis Obispo, Calif., where buyer, Fresh & Easy Neighborhood Market, will build a 10,000-square foot store due to open in Q1 2012.

Stephen Leider and Clarice Clarke, principals of Lee & Associates’ Central Coast offices, represented the seller, Halfterty Development Company. The parcel is one of three pads at the Village at Broad Street development in the city’s downtown area. Lee Central Coast is marketing the other two parcels for sale or lease at the location, which will include a mix of retail and residential units.

“This is a prime location in a main retail thoroughfare in Downtown San Luis Obispo,” Leider said. “The entire three-parcel location will cater to the Village at Broad Street’s residences and neighboring community by providing easy access to the vibrant retail options this downtown area has to offer.”

The purchase represents the food seller’s entrance into the San Luis Obispo market. The nearest Fresh & Easy is 50 miles to the south in Santa Maria.

Lee & Associates
Lee & Associates Central Coast, a full service commercial real estate brokerage and member of the Lee & Associates group of companies, provides industrial, office, retail, multi-family and investment brokerage services throughout the Tri-Counties from three offices in Santa Barbara, San Luis Obispo and Santa Maria. Lee & Associates’ clients enjoy a comprehensive range of commercial real estate services including sales and leasing, real estate investment consulting, tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill development, property and portfolio evaluation, asset management and market research. Local market expertise is augmented by membership in the Lee & Associates group of companies, providing clients with a ccess to the same local market expertise across the country through 43 offices in California, Arizona, Nevada, Idaho, Texas, Illinois, Indiana, Michigan, Missouri, Georgia, New Jersey, South Carolina and Wisconsin. For more information, please contact us at (805) 962-6700 or visit us online at www.LeeCentralCoast.com.


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