Torrance, CA – November 18, 2010 – (RealEstateRama) — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4.2 million sales transaction for an 111,316-square-foot industrial building located at 1850 Atlanta Ave. in Riverside, Calif.
Bruce Springer, senior vice president of the Lee & Associates Riverside office, and senior vice president of Lee & Associates Ontario, Vince Anthony, represented the seller, Fleetwood Enterprises, Inc. Formerly based in Riverside, Fleetwood Enterprises, Inc. is a motor homes and manufactured housing producer. Brad Yates of Grubb & Ellis Ontario and Jeff White of Lee & Associates Ontario represented the buyer, window and door manufacturer Crystal Windows.
In response to increased market demands, Crystal Windows chose to expand manufacturing on the West Coast. The company plans to take advantage of attractive power rates offered by Riverside Public Utilities to increase productivity. The free standing industrial facility sits on 10 acres of fenced property.
About Lee & Associates
Celebrating 31 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, 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.