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…
Iconic Monrovia Property Sold by Dan Bacani & Jodi Shoemake
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…
MonthLee Transactions – February 2021
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…
MonthLee Transactions – January 2021
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…
Robert Leveen Brings News You Can Use From Sacramento – Senate Bill 91 Passes
February 1, 2021 – Senate Bill 91 Passes – Extends Tenant Eviction Protections Through June 30, 2021 Senior Vice President, Robert Leveen provides that latest news from Sacramento. As anticipated, the California Legislature approved a bill that will use $2.6 billion in Federal COVID relief funding to pay landlords of certain qualifying low-income renters up to 80% of rent owed due COVID-19 financial hardships. Senate Bill 91 passed the California Senate by a 34-to-0 vote…
$70 Million Sale in Phoenix, AZ & Houston, TX Brokered by Lee & Associates Pasadena Team – John Berger & Mauricio Olaiz
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…
Hobart Apartments sold in Koreatown by Robert Leveen
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…
Storefront retail sold in Old Town Monrovia by Jamie Harrison and Chris Manassero
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…
LEE & ASSOCIATES-PASADENA CLOSES 17,000 SF LEASE WITH GROCERY OUTLET BARGAIN MARKET IN ARCADIA, CA AT THE SHOPPES @ HIGHLANDER CENTER
November 23, 2020 (ARCADIA, CA) – Grocery Outlet, a publicly traded company which is recognized as one of our nation’s largest value-oriented grocery chains has signed a 17,000 sq. ft. lease at The Shoppes @ Highlander Center located at 165 E Foothill Blvd. in Arcadia, California, formerly occupied by Rite Aid. Dan Bacani and Jodi Shoemake of Lee & Associates-Pasadena as well as David Maltzman of Globe Street Properties represented the landlord. Nathan Cromeenes of…