Lee & Associates Negotiates $9.5 Million Office Center Sale
Torrance, CA – April 7, 2011 – (RealEstateRama) — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed the $9.5 million sale of the El Segundo Research Center, a 81,763-square-foot office building at 1940 E. Mariposa Ave., in El Segundo, Calif.
Craig Poropat, principal/senior VP of Lee’s Los Angeles-South Bay office, represented buyer PC Mall in the purchase. Seller Citibank NA was represented by Grubb & Ellis.
“This asset fits perfectly into PC Mall’s plans, which are to relocate their corporate headquarters and enhance their corporate image,” Poropat said. “A switch to this property with its great location, near L.A. International Airport and two major freeways, helps accomplish those goals.”
The center, which was built in 1987 and is currently vacant, is a bank REO.
PC Mall is a value added direct marketer of technology products, services and solutions to businesses, government and educational institutions and individual consumers.
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.
