Lee & Associates Archives - REBusinessOnline

Lee & Associates, Younger Partners Broker Sale of 12,006 SF Industrial Building in Arlington

Taylor Williams — Thu, 18 Jun 2026 15:08:02 +0000

ARLINGTON, TEXAS — Lee & Associates and Younger Partners have co-brokered the sale of a 12,006-square-foot industrial building in Arlington. The building at 1300 E. Corporate Drive was originally constructed in 1976. Alex Wilson and Mark Graybill of Lee & Associates and Justin Moreau of Younger Partners co-brokered the deal. The buyer and seller were not disclosed.

The post Lee & Associates, Younger Partners Broker Sale of 12,006 SF Industrial Building in Arlington appeared first on REBusinessOnline.

Lee & Associates Brokers $24.8M Sale of Industrial Building in Elgin, Illinois

Kristin Harlow — Thu, 18 Jun 2026 13:17:56 +0000

ELGIN, ILL. — Lee & Associates of Illinois has brokered the sale of a 442,601-square-foot industrial building located northwest of Chicago in Elgin. Rigid plastics manufacturer PJP Holdings purchased the facility for $24.8 million with plans to modernize it, inclusive of the surrounding infrastructure. Frank Griffin and Mike Adams of Lee & Associates represented the buyer, while law firm Liston & Tsantilis assisted on the transaction. Jack Brennan and Steve Bass of NAI Hiffman represented the seller, JP Elgin Project Co. LLC. The transaction marks the second-largest industrial building sale in metro Chicago in 2026 for square footage, according to Lee & Associates. The sale involved the utilization of Illinois’ 6B tax abatement program, which drives industrial investment, redevelopment and job creation in the region. PJP occupies four facilities in metro Chicago.

The post Lee & Associates Brokers $24.8M Sale of Industrial Building in Elgin, Illinois appeared first on REBusinessOnline.

Lee & Associates Negotiates 100,800 SF Industrial Lease in Woodridge, Illinois

Kristin Harlow — Wed, 17 Jun 2026 13:22:34 +0000

WOODRIDGE, ILL. — Lee & Associates of Illinois has negotiated a 100,800-square-foot, full-building industrial lease at 1215 101st St. in Woodridge. Jeff Galante and Jeff Janda of Lee & Associates represented the owner, Rediehs & Rediehs LLC. Manufacturing company Secure Source America LLC leased the property.

The post Lee & Associates Negotiates 100,800 SF Industrial Lease in Woodridge, Illinois appeared first on REBusinessOnline.

Lee & Associates’ Report: Industrial and Multifamily Slow, Office Recovers, Retail Demand Holds

Jaime Lackey — Fri, 29 May 2026 16:52:19 +0000

The headline numbers in commercial real estate rarely tell the full story. First-quarter 2026 data is a case in point: Lee & Associates reports that industrial and multifamily are slowly absorbing a historic supply surge, office is staging an uneven recovery, and retail is contending with a shortage of quality space rather than a glut of it. Here’s a sector-by-sector look at where U.S. commercial real estate stands heading into the rest of the year — and which markets are bucking the trend. Sponsored: Download Lee & Associates’ 2026 Q1 North America Market report. Industrial Overview: Logistics Demand Moderates; Small Space Needs Gain There was continued weakness in the first quarter across North American industrial markets. The slowing has produced an overhang of newly delivered speculative logistics space, while rent growth has fallen to virtually nil. In the United States, net absorption totaled 32.8 million square feet in Q1, or 0.2 percent of the 19.3-billion-square-foot inventory. It was the lowest rate of tenant growth in more than a decade aside from the 17.6-million-square-foot contraction in Q2 following the U.S.’s initial tariff announcements. The overall vacancy rate in Q1 settled at 7.5 percent, which has nearly doubled since 2022 as new…

The post Lee & Associates’ Report: Industrial and Multifamily Slow, Office Recovers, Retail Demand Holds appeared first on REBusinessOnline.

Lee & Associates Negotiates Sale of Four Industrial Outdoor Storage Sites in Texas

Taylor Williams — Mon, 18 May 2026 14:15:34 +0000

DALLAS — Lee & Associates has negotiated the sale of four industrial outdoor storage (IOS) sites in Texas. The facilities — located at 1927 W. Commerce St. in Dallas, 3405 Aldine Bender Road in Houston, 3928 Naco Perrin Blvd in San Antonio and 8601 Tuscany Way in Austin — traded as part of a 56.2-acre, 230,000-square-foot IOS portfolio that also included a facility in Chicago. Alex Wilson of Lee & Associates represented the buyer, Transport Properties, in the transaction. The seller and sales price were not disclosed.

The post Lee & Associates Negotiates Sale of Four Industrial Outdoor Storage Sites in Texas appeared first on REBusinessOnline.

Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, California

Amy Works — Thu, 14 May 2026 13:12:42 +0000

CARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million. Situated within Carlsbad Raceway Business Park, the 20,142-square-foot property features a clear height of 24 feet, one dock well and two grade-level doors. At the time of sale, the property was partially leased. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates — North San Diego County represented the seller, while Chris Vassilian of Lee & Associates Irvine represented the buyer in the deal.

The post Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, California appeared first on 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.

The post Accredo Health Group Signs 40,873 SF Industrial Lease in Elgin, Illinois appeared first on REBusinessOnline.

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.

The post Lee & Associates Orange Brokers Sale of 10,080 SF Industrial Building in Fullerton, California appeared first on REBusinessOnline.

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.

The post Lee & Associates Brokers Sale of 64,406 SF Industrial Building in Flower Mound, Texas appeared first on REBusinessOnline.

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.

The post Lee & Associates Brokers $2.3M Sale of 7,770 SF Multi-Tenant Industrial Building in Norwalk, California appeared first on REBusinessOnline.

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…

The post Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady appeared first on REBusinessOnline.

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.

The post Lee & Associates Brokers Sale of 80,164 SF Manufacturing Building in North Houston appeared first on REBusinessOnline.

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.

The post Lee & Associates Brokers $3.3M Sale of Industrial Building in Bensenville, Illinois appeared first on REBusinessOnline.

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.

The post Lee & Associates Negotiates 123,241 SF Industrial Lease in South Fort Worth appeared first on REBusinessOnline.

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.

The post Aircool AC Parts Supply Signs 17,213 SF Industrial Lease in Carrollton, Texas appeared first on REBusinessOnline.

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.

The post Wealth Partners Alliance Signs 9,763 SF Office Lease Renewal, Expansion in North Dallas appeared first on REBusinessOnline.

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.

The post Lee & Associates of Illinois Launches New Healthcare Real Estate Division appeared first on REBusinessOnline.

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.

The post Avison Young Brokers Sale of 53,673 SF Office Building in Addison, Texas appeared first on REBusinessOnline.

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.

The post Lee & Associates Negotiates 27,149 SF Industrial Lease Renewal in Morton Grove, Illinois appeared first on REBusinessOnline.

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.

The post Colliers Negotiates 45,700 SF Industrial Lease in East Houston appeared first on REBusinessOnline.