Press Releases

April 29, 2021 (PASADENA, CA)  Lee & Associates – Pasadena’s Founding Principal Jodi Shoemake successfully facilitated a long-term lease of a 9,020 sq. ft. freestanding retail building located at 422 S. Lake Avenue in the city of Pasadena, California, to outdoor patio/garden retailer Terra Outdoor Living. The company has 11 physical locations in Northern and Southern California and a strong online presence. “Terra started looking in 2018 for space in Pasadena and we were very…

April 20, 2021 (PASADENA, CA) – John Berger, President, and Mauricio Olaiz, Associate, of Lee and Associates – Pasadena once again deliver for their Pasadena, CA clientele in the acquisition of two industrial core sale lease backs located in Idaho Falls, ID and Gilbert, AZ with a combined value of $25,250,000. The site in Idaho Falls, ID located at 2105 Boge Avenue is a 79,184 square foot single-tenant industrial property leased long term to Elevation…

LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: MARCH 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sale and lease transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered the investment sale of a Class A, 55,345 square-foot, single-tenant industrial building located at 2065 W. Obispo Avenue in Gilbert, AZ. John Berger and Mauricio Olaiz of Lee & Associates – Pasadena represented the…

March 31, 2021 (MONROVIA, CA) Lee & Associates – Pasadena Founding Principals Dan Bacani and Jodi Shoemake successfully facilitated the sale of Monrovia’s iconic property, located at 204 W. Foothill Blvd. in the city of Monrovia, California, to a well-deserving and long-time Monrovia business, Foothill Gym, which is owned by Brian and Jennifer Whelan and have been in operation for over nineteen years. “While we needed to get creative towards the end, I personally love…

LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: FEBRUARY 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sale and lease transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered the investment sale of a Class A, 79,184 square-foot, single-tenant industrial building located at 2105 Boge Avenue in Idaho Falls, ID, closing at $14,500,000. John Berger and Mauricio Olaiz of…

LEE & ASSOCIATES – PASADENA: MONTHLEE TRANSACTIONS: JANUARY 2021 (PASADENA, CA) – Lee & Associates, the largest broker-owned full service commercial real estate firm in North America, closes the following sales transactions from the Pasadena, California office. Lee & Associates – Pasadena brokered the sale of a 10,798 square-foot multi-tenant office building located at 448 E. Foothill Blvd., San Dimas, CA 91773. Chris Johnson of Lee & Associates – Pasadena represented the seller, Senza LLC…

January 27, 2021 (PASADENA, CA) Founding Principal John Berger and Associate Mauricio Olaiz successfully closed the largest sale transaction to date at Lee & Associates – Pasadena with a combined value of $70,791,000. Representing the buyer, who is both a long-term friend and client, Mr. Berger and Mr. Olaiz were able to assist in the acquisition of five industrial buildings located in Phoenix, AZ totaling 72,055 square feet and one 383,750 square foot industrial building…

January 20, 2021 (LOS ANGELES, CA) Robert Leveen, Senior Vice President at Lee & Associates – Pasadena successfully closed the sale of Hobart Apartments located at 248 S. Hobart Blvd, Los Angeles in Koreatown. Representing the seller, Mr. Leveen sold this value add opportunity which is an 8-unit apartment constructed in 1928 and consists of eight – two bedroom/one and one quarter bath townhome units for $2,190,000 or $273,750 per unit. The buyer purchased this…

November 19, 2020 (MONROVIA, CA) Jamie Harrison, Principal, and Chris Manassero, Associate, both from Lee & Associates – Pasadena, brokered the sale of the property that was formerly Kaleidoscope Antiques located at 306 S. Myrtle Avenue in the city of Monrovia, California. Successfully representing the seller, Jamie and Chris sold this 7,440 square foot commercial storefront retail property. Rare owner-user opportunity with frontage along Myrtle Avenue, this location has great access to the 210 Freeway…