Lee & Associates Negotiates $1.35 Million Industrial Lease

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By The Hoyt Organization -

Torrance, CA – June 20, 2012 – (RealEstateRama) — Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has negotiated an industrial lease transaction in Hayward, Calif. The lease, valued at approximately $1.35 million, began in May 2012.

Chris Schofield, principal with Lee & Associates Oakland, along with Scottsdale, Ariz.-based Ross Brown Partners collaborated to represent the tenant, Viking Group, in this transaction. Supply Network, Inc., (DBA Viking SupplyNet) has leased 36,200 square feet located at 1164 San Luis Obispo for a term of six years. The landlord, Warrington Hayward, LLC, was represented by Jay Hagglund, Tom Damaschino and Adan Martinez of Cassidy Turley BT Commercial.

For over 80 years, the name Viking has represented global leadership in fire protection. Established in 1988, Viking SupplyNet now distributes the largest selection of sprinkler system components to customers in over 70 countries. The new facility will serve as a warehouse and distribution location, as well as a fabrication facility for the Michigan-based company.

“We typically partner with the most qualified firm who is immersed in the local market,” stated Curtis Brown, principal with Ross Brown Partners. “In this case, Viking Group was exploring several local markets within the trade area and Lee & Associates provided the right coverage and level of detail to help us get the job done for Viking. They were a great addition to our team.”

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

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