Lee & Associates
C&W Adds New Director in NYC
Adam Malitz was appointed as director of retail brokerage for the Brooklyn and Queens markets, after serving in a similar role at Lee & Associates.
On the Market: 5 Interesting Listings for October
This month’s listings include a charming 1928-built dinner theater in Connecticut and a stately U.S. Bank building in one of Illinois’ wealthiest towns.
Piper Jaffray Renews Lease, Relocates to AZ Camelback Esplanade
Lee & Associates brokered the 3,900-square-foot renewal, relocation and expansion for the lessee. CBRE worked on behalf of LBA Realty, the landlord.
Phoenix Industrial Asset Trades for $7M
The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.
CapRock Buys Phoenix Facility for $8M
The company acquired an industrial property in an off-market transaction, with plans to transition the asset to Class A standards.
Phoenix Industrial Portfolio Trades for $12M
Lee & Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years.
Duke Makes Big Strides at Lehigh Valley Park
Lehigh Valley in Pennsylvania continues to attract industrial tenants, as Duke Realty Corp. leased its recently delivered warehouse and started construction of a new industrial property in the same logistics park.
Partners Capital Buys Industrial Asset in 1031 Exchange
The purchase of the fully-leased 92,000-square-foot asset in San Bernardino, Calif., for nearly $8.7 million, marks the company’s sixth industrial acquisition in the past 18 months.
Daum Brokers Inland Empire 113 KSF Industrial Buys
The properties in Corona and Ontario, Calif., changed hands for a total consideration of $13.1 million. Vacancies in small-size warehouse properties are below the region’s average.
Metrogroup Secures Acquisition Financing for OC Asset
The company landed financing for 46 percent of the purchase price. The buyer recognized the property’s potential for value creation, given the nearby $450 million project underway.