Lee & Associates Secures 198,854 SF Industrial Lease in Flower Mound, Texas

FLOWER MOUND, TEXAS — Lee & Associates has secured a 198,854-square-foot industrial lease at 1901 Lakeside Parkway in the northern Fort Worth suburb of Flower Mound for asset management and logistics firm TelTech Communications. Completed in 2019, the rear-load property features 32-foot clear heights, 180-foot truck courts and 38 trailer parking spaces. Tom Walrich of Lee & Associates represented the tenant in the lease negotiations. John Fulton and Brett Owens of Transwestern …

Facility Management Will Require Changes Under New COVID-19 Regulations

Facility managers across the nation are sorting through information about the coronavirus and looking at building modifications that can prevent the spread. Owners and tenants alike in the office and retail sectors have turned to facility management professionals to help their businesses thrive under rapidly evolving circumstances.REBusinessOnline recently spoke with three facility management professionals from Lee & Associates via video conference about their company’s approach to …

Lee & Associates Arranges Lease for New Voodoo Doughnut Eatery in Houston’s Montrose District

HOUSTON — Lee & Associates-Houston has arranged a 3,000-square-foot lease in Houston for Voodoo Doughnut, a boutique donut shop based in Portland, Ore. Voodoo will open the new store this fall at 1214 Westheimer Road in Houston’s Montrose district. Grant Walker and Brad Kilbride of Lee & Associates-Houston, along with Wade Green of Transwestern, represented Voodoo in the lease deal. The landlord was not disclosed. Walker also represented Voodoo last year in its lease negotiations …

Lee & Associates Arranges $3M Sale of Waterfront Site in Southwest Florida for Future Multifamily Development

FORT MYERS, FLA. — Lee & Associates has arranged the $3 million sale of a two-acre, waterfront plot in Fort Myers. The buyer, a subsidiary of Sight Real Estate, plans to develop Riverfront First Street Apartments along the Caloosahatchee River. Comprising more than 200 units, the property will offer studio to three-bedroom floor plans. Communal amenities will include a pool, pool deck, clubhouse, onsite parking structure and a fitness center. The community will be located at 2543 First …

Lee & Associates Arranges $2.8M Sale of Industrial Building in Metro San Diego

ESCONDIDO, CALIF. — Lee & Associates – North San Diego County has arranged the sale of an industrial property located at 124 S. Market Place in Escondido. PGP Beach Colony acquired the property from Morris Alkin Revocable Trust for $2.8 million.The 19,525-square-foot industrial building features four suites leased to three tenants. Daniel Knoke and Peter Merz of Lee & Associates represented the buyer and seller in the

Lee & Associates Secures 15,000 SF Industrial Lease for Scaffolding Company in Houston

HOUSTON — Lee & Associates has secured a 15,000-square-foot industrial lease at 5825 Kelley St. in northeast Houston for BrandSafway Solutions LLC, a provider of scaffolding systems. According to LoopNet Inc., the single-tenant property was built in 2008. Taylor Schmidt and Reed Vestal of Lee & Associates represented the tenant in the lease negotiations. David Munson of Boyd Commercial represented the landlord, Audie Gray Family

Lee & Associates Brokers $14.7M Sale of Industrial Development Site in Florence, New Jersey

FLORENCE, N.J. — Lee & Associates has brokered the $14.7 million sale of a 30.8-acre industrial development site located in Florence, a southern suburb of New Jersey. Located on Railroad Avenue, the property consists of two parcels that have been approved for construction of a 300,700-square-foot warehouse and distribution facility. Details of the construction schedule were undisclosed. Bob Yoshimura, Joe Hill and Eric Mattson led a Lee & Associates team that represented the …

Goli Nutrition Leases 422,432 SF of Industrial Space in Norco, California

NORCO, CALIF. — Goli Nutrition, a vitamin manufacturer, has inked a deal to occupy 422,432 square feet of industrial space spread across four industrial buildings located at 3300-3390 Horseless Carriage Drive in Norco, approximately 45 miles east of Los Angeles.Goli Nutrition plans to use the multi-building campus, located within Saddle Business Center, to expand its operations, including its distribution efforts. The landlord is CapRock Partners.Jeff Ruscigno of Lee & Associates …

Pride Ventures Buys Development Site for 200-Unit Multifamily Asset in Mesa

MESA, ARIZ. — California-based Pride Ventures LLC II has purchased an approximately four-acre site, located at 1830 W. Main St. in Mesa. Sycamore Station Fund LLC sold the asset for $3.8 million. The property is Parcel 1 of Sycamore Station, a transit-oriented, mixed-use project currently underway.Pride Ventures plans to develop a 200-unit multifamily community at the site, which offers convenient access to the light rail train line on Main Street.Kimberly Rollins and Dallan Randall …

Stos Partners Buys 228,912 SF Coronavirus Test Distribution Site in Temecula, California

TEMECULA, CALIF. — San Diego-based Stos Partners has purchased an industrial asset located at 42301 Zevo Drive in Temecula. A private investor sold the facility for $28.9 million in an off-market transaction.Currently, a global, publicly traded healthcare company occupies the entire 228,912-square-foot property. The tenant plans to utilize the facility as part of its distribution network for COVID-19 tests.Scott Stewart of Lee & Associates represented Stos Partners, while Alisa …

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