Lee & Associates Negotiates the Purchase and Sale of an 11,200-SF Industrial Building


Torrance, CA – October 25, 2011 – (RealEstateRama) — Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has completed the purchase and sale of an 11,200-square-foot industrial building at 15311-15323 Pipeline Lane in Huntington Beach, Calif. The 100-percent leased building sold for $1.2 million or $107.14/square foot. The building was marketed by another firm for a year. Lee & Associates sold the building within 60 days of listing the property for an all-cash close.

Lee & Associates Irvine Senior VP Brian Garbutt represented the seller, Medina Family Trust, while Senior VP Darin McDonald of Lee & Associates’ Newport Beach office represented the buyer, WFT, LLC.

About Lee & Associates
Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, Nevada, Texas, South Carolina 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.


Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.


Phone: 310-373-0103

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