Lee & Associates Completes Last Two Industrial Sales Transactions Near Van Nuys Airport

(PRWEB) June 23, 2004

The first industrial sale is a 60,000 SF building totaling more than $ 5.8 million and is located at 7801 Hayvenhurst Avenue in Van Nuys, Calif. Mike Tingus, senior vice president/managing principal and Randy Kobata, associate of Lee & Associates-LA North/Ventura Inc., represented the seller, Nearon Van Nuys Industrial LLC. The buyer, E&S International Enterprises Corp. – a distributor and reseller of consumer electronics – was represented by Darren Cline and John DeGrinis of Colliers Seely.

The second industrial sale — The Commerce Center at Van Nuys Airport — is a 34,000 SF building totaling more than $ 3.5 million and is located at 7741 Hayvenhurst Avenue in Van Nuys, Calif. Mike Tingus, senior vice president/managing principal and Randy Kobata, associate of Lee & Associates-LA North/Ventura Inc., represented the seller, Nearon Van Nuys Industrial LLC. The buyer, City Art – a community, non-profit art gallery – was represented by Plaza Loans.

“Both industrial buildings are part of an approx. 500,000 SF master-planned business park,” said Tingus.

About Lee & Associates

Celebrating 25 years of leadership excellence in commercial real estate, Lee & Associates is one of the largest regional commercial real estate service providers in the United States. Each Lee & Associates office is independently owned and operated and represents a broad array of regional, national and international clients – from individual investors and small businesses, to large corporations and institutions. Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research.

Additional information is available at www.lee-associates.com



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