April 30, 2020 (BOSTON, MA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a Boston, Massachusetts location. The office will specialize in tenant representation for office, life sciences, industrial, and retail clients, with plans to strategically recruit teams that will grow their agency and capital markets capabilities in Boston and the larger New England market. Lee & Associates Boston will be led by Eric Solem, Ty…
Value Add Multi-Tenant Industrial Park Sale
OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D (760) 448-2453 Email // Resume CHRIS ROTH D (760) 448-2448 Email // Resume JAKE RUBENDALL D (760) 448-1369 Email // Resume The Client Focus Real Estate, LP, formed in April…
The Impact of COVID-19 on Commercial Real Estate
Panel Held on March 25, 2020 at 8:00 AM PST / 11:00 AM EST Earlier this morning Lee & Associates held a discussion with a panel of experts, moderated by our CEO, Jeff Rinkov, to discuss the impact of COVID-19 on the commercial real estate market. To learn more about the panel topics or to connect with the panelists, please see below. PANEL DISCUSSION OUTLINE Introductions and Opening Remarks (00:00 – 02:04) Industrial Market (02:05 – 11:01) Capital Markets &…
Balfour Beatty Develops Corporate Real Estate Strategy For U.S. Portfolio
For more information regarding this case study, please contact: JOHN DECOUTO, CCIM, MCR.H D (404) 442-2822 Email // Resume The Client Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and…
AFF Logistics Center Sale-Leaseback
OVERVIEW 7400 45th Street Court E | Fife, WA ± 99,260 SF 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469 / SF) “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team set…
Rigorous Process Aides in UK Company’s First US Location Selection
OVERVIEW 1600 Tysons Boulevard | McLean, VA ± 20,000 SF Corporate Headquarters 10-Year Lease 20% Net Present Value Savings Over Next-Best Alternative For more information regarding this case study, please contact: KENNETH SALZMAN, SIOR D (212) 776-1227 Email // Resume This assignment was procured through Gerald Eve, who represent Ocado in the UK. When their client expressed their need to expand into the US, Gerald Eve introduced the Ocado management team to Lee &…
Medical Practice Relocation Yields an Income-Producing Asset in Cincinnati, Ohio
OVERVIEW 11001-11039 Montgomery Road | Cincinnati, OH 21,965 SF (Two-Story) Built: 1987 Renovated: 2010 Sale Price: $1,236,700 Buyer Representation For more information regarding this case study, please contact: DAN MCDONALD D (513) 588-1113 Email // Resume The Client Montgomery Family Medicine had outgrown their existing space and wanted to evaluate nearby sites for an expansion of their 40-year-old medical practice. At that time, the physicians expressed an interest in owning – rather than leasing -…
292K SF Single-Tenant Building Updated For Multi-Tenant Office and Industrial
OVERVIEW 4101 Founders Boulevard | Batavia, Ohio Owner: Sentinel Investments 292,000 SF 16.137 Acres Mixed-Use, Multi-Tenant Office and Industrial Year Renovated: 2015 Sale Price: $6,850,000 For more information regarding this case study, please contact: STEWART DEVITT D (513) 588-1115 Email // Resume DAN MCDONALD D (513) 588-1113 Email // Resume JOE GILLIGAN D (513) 899-1312 Email // Resume The Client In May 2014, Sentinel Investments (“Sentinel”), in its capacity as real estate…
Medical Practice Transitions From Leasing Space to Owning a Multi-Tenant Building
OVERVIEW 11001-11039 Montgomery Road | Cincinnati, OH Buyer: The Itis Group, LLC 21,965 SF (Two Story) Retail Property Year Built: 1987 Year Renovated: 2010 Sale Price: $1,236,700 For more information regarding this case study, please contact: DAN MCDONALD D (513) 588-1113 Email // Resume The Client Montgomery Family Medicine had outgrown their existing space and wanted to evaluate nearby sites for an expansion of their 40-year-old medical practice. At that time, the physicians expressed…