Lee & Associates Archives - REBusinessOnline

Accredo Health Group Signs 40,873 SF Industrial Lease in Elgin, Illinois

Kristin Harlow — Wed, 06 May 2026 13:36:08 +0000

ELGIN, ILL. — Accredo Health Group has signed a 40,873-square-foot industrial lease at 300 Airport Road within Fox River Business Center in Elgin. Kenneth Franzese, John Cassidy and Jeff Janda of Lee & Associates of Illinois represented the landlord, High Street Logistics Properties. Bob Tardy and Doug Pilcher of Cushman & Wakefield represented the tenant, which is a specialty pharmaceutical service provider. Fox River Business Center is a 176,799-square-foot industrial facility constructed in 2008. Current availability totals 29,806 square feet.

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Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, California

Amy Works — Thu, 30 Apr 2026 13:50:18 +0000

FULLERTON, CALIF. — Lee & Associates Orange has arranged the sale of a 10,080-square-foot industrial building located at 1021 S. Placentia Ave. in Fullerton. Bruner Rental Properties acquired the asset from KSP Real Estate Partners for $3.3 million. Mark Hintergardt and Phil Fridd of Lee & Associates represented the seller in the transaction.

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Lee & Associates Brokers Sale of 64,406 SF Industrial Building in Flower Mound, Texas

Taylor Williams — Mon, 06 Apr 2026 13:47:59 +0000

FLOWER MOUND, TEXAS — Lee & Associates has brokered the sale of a 64,406-square-foot industrial building in Flower Mound, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 500 Gerault Road was constructed in 2025 and features 32-foot clear heights. Adam Graham, Alex Wilson and Tomas Wilson of Lee & Associates represented the seller in the transaction. Bill de la Chapelle and Karla Orozco of eXp Commercial represented the buyer. Both parties requested anonymity.

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Lee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, California

Amy Works — Wed, 18 Mar 2026 15:45:46 +0000

NORWALK, CALIF. — Lee & Associates has arranged the sale of a multi-tenant industrial building located at 13820 Shoemaker Ave. in Norwalk. Parsons sold the property to Rosecrans Associates, an investment buyer, for $2.3 million. Situated on 0.37 acres, the 7,770-square-foot property features 800 square feet of office space, three ground-level doors, a 14-foot warehouse clearance and 300 amps of power. Additionally, the asset offers a secured yard area and a 2:1 parking ratio. The property was originally constructed in 1974. Pat Delaney of Lee & Associates – Orange handled the transaction.

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Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

Sarah Daniels — Tue, 03 Feb 2026 12:00:00 +0000

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back…

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Lee & Associates Brokers Sale of 80,164 SF Manufacturing Building in North Houston

Taylor Williams — Fri, 30 Jan 2026 15:40:00 +0000

HOUSTON — Lee & Associates has brokered the sale of an 80,164-square-foot manufacturing building in North Houston. According to LoopNet Inc., the building at 1121 Buschong St. was built on 6.4 acres in 2001. The building includes 14,250 square feet of office space. Justin Tunnell and Richard Glass of Lee & Associates represented the seller, Schlumberger Technology Corp., in the deal. The buyer and sales price were not disclosed.

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Lee & Associates Brokers $3.3M Sale of Industrial Building in Bensenville, Illinois

Kristin Harlow — Fri, 30 Jan 2026 14:11:55 +0000

BENSENVILLE, ILL. — Lee & Associates of Illinois has brokered the $3.3 million sale of a 32,120-square-foot industrial building located at 1029-1033 Bryn Mawr Ave. in Bensenville. Michael Plumb, Bradley Simousek and Colin Sons of Lee & Associates represented the private owner. Dustin Albers of Lee & Associates represented the buyer, Doctor Rooter 911. The commercial plumbing company maintains two other locations in Bensenville.

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Lee & Associates Negotiates 123,241 SF Industrial Lease in South Fort Worth

Taylor Williams — Tue, 13 Jan 2026 15:45:11 +0000

FORT WORTH, TEXAS — Lee & Associates has negotiated a 123,241-square-foot industrial lease in South Fort Worth. The space is located within Carter Industrial Park. Reid Bassinger, Trey Fricke and Schaefer Amos of Lee & Associates represented the tenant, ReturnPro, which provides post-purchase services for retailers, in the lease negotiations. Cheyenne Mungaray, Forrest Cook and Jeff Rein of Stream Realty Partners represented the landlord, Agellan Capital Partners Inc.

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Aircool AC Parts Supply Signs 17,213 SF Industrial Lease in Carrollton, Texas

Taylor Williams — Mon, 05 Jan 2026 16:38:19 +0000

CARROLLTON, TEXAS — Aircool AC Parts Supply has signed a 17,213-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 1705 Wallace Drive was completed in 2001 and totals 138,600 square feet. Corbin Blount and Baron Johnson of Lee & Associates represented the tenant in the lease negotiations. Mac Hall and Sarah Ozanne of Stream Realty Partners represented the landlord.

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Wealth Partners Alliance Signs 9,763 SF Office Lease Renewal, Expansion in North Dallas

Taylor Williams — Tue, 23 Dec 2025 15:32:16 +0000

DALLAS — Wealth Partners Alliance has signed a 9,673-square-foot office lease renewal and expansion in North Dallas. According to LoopNet Inc., the building at 12240 Inwood Road was built in 1982 and totals 34,663 square feet. Nathan Denton of Lee & Associates represented the tenant in the lease negotiations. Sean Dalton of Younger Partners represented the landlord.

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Lee & Associates of Illinois Launches New Healthcare Real Estate Division

Kristin Harlow — Fri, 19 Dec 2025 14:00:19 +0000

ROSEMONT, ILL. — Lee & Associates of Illinois has expanded its Chicago-area office brokerage group with the launch of a dedicated healthcare real estate division. The firm has welcomed three professionals — Principals Peter Cangialosi and Doug Pauly, and Associate Austin York — who bring more than 35 years of combined experience representing healthcare providers, investors and property owners across the Midwest. The team was most recently at Oak Brook, Ill.-based Joseph Rossi & Associates Inc. Lee & Associates of Illinois’ new healthcare division provides comprehensive brokerage and advisory services, including tenant and landlord representation, investment sales, site selection and acquisition support.

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Avison Young Brokers Sale of 53,673 SF Office Building in Addison, Texas

Taylor Williams — Mon, 08 Dec 2025 15:47:54 +0000

ADDISON, TEXAS — Avison Young has brokered the sale of Midway Office Park, a 53,673-square-foot office building located in the northern Dallas metro of Addison. Built on 2.7 acres in 1977 and renovated in 1998, the building was roughly 40 percent leased at the time of sale. Bruce Butler, Susan Gwin Burks and John Bowles of Avison Young represented the seller in the transaction. Taylor Stell of Lee & Associates represented the buyer, Urban Infraconstruction, which also plans to occupy a portion of the building.

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Lee & Associates Negotiates 27,149 SF Industrial Lease Renewal in Morton Grove, Illinois

Kristin Harlow — Mon, 17 Nov 2025 14:28:57 +0000

MORTON GROVE, ILL. — Lee & Associates of Illinois has negotiated an industrial lease renewal for a 27,149-square-foot building located at 8250 N. Austin Ave. in Morton Grove. Brad Simousek of Lee & Associates represented the tenant, Jerry’s Fruit & Garden Center Inc. The landlord, Clear Height Properties, was self-represented.

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Colliers Negotiates 45,700 SF Industrial Lease in East Houston

Taylor Williams — Fri, 14 Nov 2025 15:40:13 +0000

HOUSTON — Colliers has negotiated a 45,700-square-foot industrial lease in East Houston. The tenant is Peace Global Logistics, and the space is located within the single-tenant building at 15135 Jacintoport Blvd., which according to LoopNet Inc. was built in 1980 and renovated in 2000. Judy Garza Beebe and Christopher Klein of Colliers represented the undisclosed landlord in the lease negotiations. Andrew McGuire and Mason Alsbrooks of Lee & Associates represented the tenant.

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Lee & Associates Negotiates 88,620 SF Industrial Lease in Edison, New Jersey

Taylor Williams — Mon, 10 Nov 2025 15:16:18 +0000

EDISON, N.J. — Lee & Associates has negotiated an 88,620-square-foot industrial lease in the Central New Jersey community of Edison. The space is located within the Raritan Center business park and features 32-foot clear ceilings, 17 loading docks and an ESFR sprinkler system. Claudia Ganas, Monica Franco and Ana Carolina DeAraujo of Lee & Associates represented the tenant, an undisclosed freight forwarding company, in the lease negotiations. Vincent Visceglia internally represented the landlord, Summit Associates.

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Lee & Associates Negotiates 187,460 SF Industrial Lease in Bensenville, Illinois

Kristin Harlow — Thu, 06 Nov 2025 15:23:25 +0000

BENSENVILLE, ILL. — Lee & Associates of Illinois has negotiated a new long-term lease for a 187,460-square-foot industrial building in the Chicago suburb of Bensenville. The property is located at 222 Sievert Court. Jeff Janda and John Cassidy of Lee & Associates represented the owner, DRA Advisors. Mark Baumhart of NAI Hiffman represented the tenant, TAFCO Corp., a manufacturer of windows, doors and related products. The transaction represents the third quarter’s second-largest lease in the O’Hare market, according to Lee & Associates.

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Lee & Associates Negotiates Sale of 62,241 SF Office Building in Los Angeles

Amy Works — Wed, 05 Nov 2025 14:58:29 +0000

LOS ANGELES — Lee & Associates LA North/Ventura has arranged the acquisition of a three-story office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles. S&G Properties Management LLC acquired the property from an undisclosed seller for $10.1 million. S&G Property Management plans to occupy a portion of the 62,241-square-foot building for its company, Citiguard, a security guard company in California. Additionally, the new owner will invest capital into the building to renovate the interior and exterior, as well as create onsite amenities to attract tenants. Darren Casamassima, Scott Romick and Jay Rubin of Lee & Associates LA North/Ventura represented the buyer. The team will also oversee leasing of the property moving forward.

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Lee & Associates Brokers $33.2M Sale of Buffalo Academic Building

Taylor Williams — Mon, 27 Oct 2025 15:27:24 +0000

BUFFALO, N.Y. — Lee & Associates has brokered the $33.2 million sale of a 102,000-square-foot academic building located at 75 W. Huron St. in Buffalo. The Buffalo School of Culinary Arts & Hospitality Management occupies the entirety of the seven-story building, which was originally built in the late 19th century as a horse livery and was later used as a multi-story parking garage before being transformed into a school. Dave Carswell and Ben Tapper of Lee & Associates represented the seller, locally based firm McGuire Development Co., in the transaction. Carswell also assisted the buyer, Mercer Street Partners, in securing acquisition financing for the deal.

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Lee & Associates’ Report: Q3 Results Shaped by Market Uncertainty, Questions of Legality, Tariffs, AI Considerations

Sarah Daniels — Fri, 24 Oct 2025 11:00:00 +0000

Lee & Associates’ 2025 Q3 North America Market Report examines a commercial real estate landscape experiencing some pauses as the effects of exogenous forces work their way through the market. Economic and legal questions, the second- and third-order effects of tariffs, persistently high costs, unemployment concerns and the new realities of artificial intelligence (AI) have combined to produce mixed results across all property types. Demand for office and retail has increased (and their respective pipelines remain constrained). Of the four property types covered in the report — industrial, office, retail and multifamily — only retail saw transaction momentum in the previous quarter. Meanwhile, the overbuilt industrial and multifamily sectors have witnessed weakening or negative demand in the third quarter. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below reveal a market that seems to be holding its breath, awaiting new information. Industrial Overview: Markets Await Tariff Clarity Net absorption of industrial space increased in the third quarter across North America, but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million square feet…

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RDI Group Leases 25,141 SF Industrial Building in Itasca, Illinois

Kristin Harlow — Tue, 14 Oct 2025 13:21:00 +0000

ITASCA, ILL. — The RDI Group, a manufacturer of engineered systems for the roofing, construction, power, metal coil processing and medical industries, has leased a 25,141-square-foot industrial building at 1070 W. Ardmore Ave. in Itasca. Jeff Janda and Chris Nelson of Lee & Associates of Illinois represented the owner, Town & Country Distributors, as well as the tenant. The facility will serve as a satellite warehouse for RDI Group’s primary location at 1025 W. Thorndale Ave. in Itasca.

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