Lee & Associates Secures Large Industrial Leasing Assignment
Torrance, CA – January 26, 2012 – (RealEstateRama) — Lee & Associates, in a combined effort by two of the firm’s Southern California offices, has won its bid to secure the leasing assignment to the industrial portfolio of Watt Properties, a division of Watt Companies. The 12 buildings and four industrial properties sit on a total of 580,436 square feet and are located in the cities of Long Beach, Torrance, Carson and Northridge.
“The teamwork exhibited here is a perfect example of what Lee is known for,” said Gregory Gill, who along with four other brokers, spearheaded the group effort by Los Angeles/ Long Beach and LA North/Ventura offices. “Because the competition was stiff, with major players vying for this deal, we had to come up with a plan that met Watt’s expectations.”
Gill, president of Lee Los Angeles/Long Beach, joined with Garrett Massaro and Brandon Carrillo of the Long Beach office to represent Watt Properties for the properties in Long Beach, Torrance and Carson, while Mike Tingus and Randall Kobata of the LA North/Ventura handled the Northridge properties.
The CSULB Technology Park, located at Technology Place, Long Beach, Calif. and Northridge Business Park, on Prairie St. in Northridge, Calif. make up the bulk of the portfolio, with 257,116 square feet and 231,620 square feet respectively. An owner, developer, and manager of residential, commercial and industrial real estate, Watt Companies chose the Lee team for its local expertise, experience, knowledge and performance.
With over two million square feet of core retail space in 40 shopping centers located largely in Southern California, Watt Commercial is a leader in developing, redeveloping and managing neighborhood and community shopping centers in urban markets. Most of Watt’s centers are grocery and drug store-anchored and include a strong mix of independent, regional and national chain retailers. Watt Commercial is a division of Watt Companies, a diversified real estate company that, over the past 60 years, has developed over eight million square feet of industrial and office space, and built more than 50 shopping centers, homes for over 100,000 families, three major first class hotels and six major master-planned communities.
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 45 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Indiana, Illinois, 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.
