Craig C. Philliips
President
Lee & Associates | City of Industry
Specializing in Specializing In Industrial, Land & Investment Brokerage
![Craig Phillips Craig Phillips](https://www.lee-associates.com/industry/wp-content/uploads/sites/52/2019/08/CraigPhillips.jpg)
Craig C. Phillips
President
M: 213.618.2565
O: 323.767.2024
cphillips@lee-associates.com
Biography
Specializing In Industrial, Land & Investment Brokerage
Craig has specialized in older facilities and finding added value for clients. Several of the properties have required reconditioning and division of buildings to lease to smaller tenants. These modifications to properties have yielded increased annual net income for property owners, as well as higher sale values when a sale was concluded at a later date. Craig has exclusively represented Fortune 500 companies with his specialty in solving problems and drafting complex documents. Craig is a native Southern Californian, having grown up in West Los Angeles, and attended Loyola Marymount University on a full athletic scholarship. He resides in Palos Verdes, California where he raised his 4 sons, now all college graduates.
Notable Transactions
Craig C. Phillips has sold and leased millions of square feet of industrial properties over his 40 years as a broker. A sample of his transactions over 100,000 square feet of buildings are as follows:
- 7521 Woodman Av, Van Nuys, CA – 360,000 SF building on 1,742,400 SF land
- Seller: Stroh’s Brewery - Buyer: Copart, Inc - 6023 Alcoa Av, Vernon, CA – 299,200 SF building on 512,986 SF land
- Seller: Kawasho, Inc. - Buyer: Zvi Sperling Family Trust - 5119 District Bl, Vernon, CA – 295,000 SF building on 530,000 SF land
- Seller: Thermador Corporation - Buyer: City of Vernon Redevelopment Agency - 825 S Ajax Av, Industry, CA – 279,740 SF building on 879,000 SF land
- Seller: Masco Corporation - Buyer: Yeh Investments, LLC - 13344 S Main St, Los Angeles, CA – 260,000 SF building on 579,376 SF land
- Seller: Zamir Family Trust - Buyer: South Main Street, LLC - 6400 E Washington Bl, Commerce, CA – 214,000 SF building on 437,246 SF land
- Seller: Ben Friend Family Trust - Buyer: Fast Sportswear, Inc - 8685 Bowers Av, South Gate, CA – 213,160 SF building on 435,000 SF land
- Seller: Masco Corporation - Buyer: Bowers Bam, LLC - 1935-1965 Tubeway Av, Commerce, CA – 202,838 SF building on 417,426 SF land
- Seller: Heger Realty Corporation - Buyer: Ronald Bauer Trust - 3030 Atlantic Bl, Vernon, CA – 200,000 SF building on 649,458 SF land
- Represented Seller: Ulrich Family Trust - 999 S Hatcher St, Industry, CA – 200,000 SF building on 750,000 SF land
- Seller: Maxim Lighting, Inc. - Buyer: City of Industry Redevelopment Agency. - 555 S Promenade Av, Corona, CA – 178,000 SF building on 330,000 SF land
- Leased to Masco Corporation - 6100 Bandini Bl, Commerce, CA – 171,070 SF building on 262,954 SF land
- Seller: Masco Corporation - Buyer: Teichman Enterprises, Inc - 10839 Commerce Wy, Fontana, CA – 168,679 SF building on 320,000 SF land
- Leased to Kraftmaid Corporation - 2805 S Reservoir St, Pomona, CA – 157,296 SF building on 300,000 SF land
- Leased to Merillat Cabinets - 5555 Olympic Bl, Commerce, CA – 149,776 SF building on 364,734 SF land
- Sold to JC Yeh, LLC - 1501 Greenwood Av, Montebello, CA – 148,635 SF building on 295,000 SF land
- Leased to Masco Corporation - 2615 Bonnie Beach Pl, Vernon, CA – 147,045 SF building on 350,000 SF land
- Sold to Ben Friend Family Trust - 2638-2640 Yates Av, Commerce, CA – 140,000 SF building on 180,000 SF land
- Sold to Medipedic Mattress Corporation - 6349 E Slauson Av, Commerce, CA – 132,116 SF building on 175,000 SF land
- Sold to Silver Family Trust - Leased to Filekeepers, Inc - 1931-2035 E Vernon Av, Vernon, CA – 129,000 SF building on 185,000 SF land
- Sold to Mr. Christmas Properties, LLC. - Leased to 10 Tenants - 5008 S Boyle Av, Vernon, CA – 124,735 SF building on 185,000 SF land
- Leased for Masco Corporation - 5215 S Boyle Av, Vernon, CA – 120,000 to 205,000 SF of buildings
- Leased to multiple tenants for Masco Corporation - 3301 Frutiland Av and 3300 E 50th St, Vernon, CA – 120,000 SF building on 200,000 SF land
- Seller: Thermador Corporation
3600 E Olympic Bl, Los Angeles, CA – 113,645 SF building on 130,236 SF land
- Seller: JC Yeh, LLC. - Buyer: Moo Bae - 1701-1747 Santa Anita Av, S El Monte, CA – 110,000 SF building on 179,000 SF land
- Sold to El Monte Calmed Investments, LP - 4601 E 50th St, Vernon, CA – 106,266 SF building on 156,000 SF land
- Leased for Maxim Lighting, Inc - 3200 E Slauson Av, Vernon, CA – 101,112 SF building on 230,000 SF land
- Sold to Ben Friend Family Trust and Craig Phillips - 1700 E 58th Pl, Los Angeles, CA – 101,000 SF building on 146,000 SF land
- Sold to Gary Zamir Trust
Experience
- 1976: 1st trainee of Heger Realty Corp. Trained under founder Jack W Heger.
- 1977: Made Commissions in Excess of his paid salary.
- 1978-1981: Doubled his income for three (3) consecutive years.
- 1982: Became one of the top income producers at Heger Realty Corporation.
- 1983-1995: Frequently was the top producer and never lower than 3rd ranking at Heger Realty Corporation.
- 1996-2004: Recruited by William Lee with others to open the Lee & Associates Commerce office as a Managing Principal and became Secretary of the corporation.
- 2005-2014: Resigned from management and continued with Industrial Brokerage career.
- 2015-Present: Holds title of President, Chairman of the Board, Chief Executive Officer, Chief Financial Officer, and Secretary, together with servicing my clients with expertise since 1976