LATEST NEWS & PRESS RELEASES
2280 Ward Avenue Simi Valley, CA
Simi Valley Industrial Sale is the
City’s Biggest Ever
Pacific Coast Business Times
By: Brooke Holland
December 6th, 2021
Simi Valley, CA - Lee & Associates-LA North/Ventura President Mike Tingus and principals Joe Jusko and Grant Fulkerson negotiated the sale of the Topaz Business Park to Rexford Industrial, an industrial real estate firm in Southern California. Lee & Associates represented both the seller of the property, 2280 LLC, and the buyer in the sale.
In a news release announcing the sale, Lee & Associates said the 242,101-square-foot building is the biggest industrial property “to ever change hands in Simi Valley.”
Rexford Industrial plans to hold the property as an investment and establish market rents.
Top 10 SIOR Office Sale Transactions Nationwide for 2019
Top 10 SIOR Office Sale Transactions
Nationwide for 2019
Sports Research Facility to Open in Westlake Village
Sports Research Facility to Open in Westlake Village
Lee & Associates Transacts 16,200 SF
Facility at 31425 Agoura Road
San Fernando Valley Business Journal
November 12, 2019
Westlake Village, CA - Los Angeles-based Herbalife Nutrition and Proactive Sports Performance in Thousand Oaks announced they will open a sports center in Westlake Village by the end of next year.
The 16,200-square foot facility will be located at 31425 Agoura Road, according to Lee & Associates-LA North/Ventura, who transacted the deal. The landlord, Westlake Industrial Complex, LP, was represented by Tim Foutz with NAI Capital.
Lee & Associates LA North/Ventura
Lee & Associates LA North/Ventura
Transacts 76,496 SF Calabasas Trophy Office Sale
August 29, 2018
Calabasas, CA - The Lee & Associates-LA North/Ventura team of Mike Tingus, Grant Fulkerson SIOR and Jonathan Bruce represented the seller of a premier, Class A 76,496-square-foot building at 24151 Ventura Blvd., Calabasas, CA, for $24 million or approximately $314 per square foot, believed to be the highest per-square-foot price ever paid for a soon-to-be vacant building in the region.
The property, an architectural gem constructed in 2004 as a build-to-suit for ValleyCrest Landscape Cos., was designed by the world renowned Nadel Architects and features breathtaking 360-degree views of the Santa Monica mountains, a spectacular atrium and superb freeway visibility on an expansive 17-acre campus with beautifully landscaped outdoor seating areas.
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Lee & Associates LA North/Ventura Transacts 55,000 SF Industrial Sale
Lee & Associates LA North/Ventura
Transacts 55,000 SF Industrial Sale
Tenant Allsale Electric Acquires
Building for $9,650,000
April 9, 2018
Chatsworth, CA - Lee & Associates-LA North/Ventura transacted the sale of a 55,000-square-foot industrial building at 9240 Jordan Ave. in the Chatsworth submarket of Los Angeles for $9,650,000, according to Lee President Mike Tingus and Principal Grant Fulkerson SIOR, who represented the seller in the transaction.
The property was acquired by Allsale Electric, a division of Regency Lighting, which had been leasing the building since 2016.
“We represented the seller, SDG Jordan Associates LLC, when they acquired the building,” said Fulkerson, and we represented them in leasing the building to Allsale. ”Based on the great value and the money invested for building improvements and tenant inducements, our client got a tremendous return in a short period of time.”
Matthew Dierckman, with CBRE, represented the buyer.
Lee & Associates LA North/Ventura Honors Top Producers
Lee & Associates LA North/Ventura
Honors Top Producers
March 13, 2019
Lee & Associates-LA North/Ventura honored its 2018 top producers at its annual Awards and Profit Distribution celebration at North Ranch Country Club in Westlake Village, CA.
Warren Berzack, Principal and National Director, Lee & Associates Multifamily Advisor Group, was named Broker of the Year.
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Lee & Associates LA North/Ventura Transacts 53,133 SF Office Building Sale
Lee & Associates LA North/Ventura
Transacts 53,133 SF Office Building Sale
Seller K-Swiss Divested the Property After
Relocating to Downtown Los Angeles
April 24, 2018
Westlake Village, CA - Lee & Associates LA North/Ventura transacted the sale of a two-story, 53,133 SF corporate headquarters office building for $11,000,000. Lee Principal Joe Jusko represented K-Swiss, the seller of the property located at 31248 Oak Crest Drive in Westlake Village, and Lee President Mike Tingus and managing Director Grant Fulkerson, SIOR, represented the buyer, an entity of the Selleck Development Group (SDG).
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Lee & Associates LA North/Ventura Transacts 50K SF Industrial Sale for $133 PSF
Lee & Associates LA North/Ventura
Transacts 50K SF Industrial Sale
for $133 PSF
Buyer, Rexford Industrial, Plans to Fully
Renovate the Property
April 9, 2018
Thousand Oaks, CA - Lee & Associates LA North/Ventura represented the buyer, Rexford Industrial, and the seller, a private trust, in the sale of a 49,585 SF industrial property for $6,600,000 or $133 per square foot. April 9, 2018.
The sale price for the property at 851 Lawrence Drive in Thousand Oaks, is among the highest paid per square foot for an industrial property in the Conejo Valley, said Lee President Mike Tingus, who transacted the sale with Lee Managing Director Grant Fulkerson, SIOR.
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Go-Cart Operator Gains Traction in Thousand Oaks with 10-Year Lease
Go-Cart Operator Gains Traction in
Thousand Oaks with 10-Year Lease
San Fernando Valley Business Journal
By: Michael Aushenker
April 19, 2021
Thousand Oaks, CA - National go-cart recreation company K1 Speed has signed a lease for 50,000 square feet in the Conejo Valley.
The company will operate an indoor track at 770 Lawrence Drive.
Lee & Associates LA North/Ventura’s Grant Fulkerson and Mike Tingus brokered the transaction on behalf of landlord BM Properties. Rocky Moran of Lee & Associates represented K1 Speed in the deal.
SFVBJ | Moorpark Industrial Sales Highlight Strong Sector
SFVBJ | Moorpark Industrial Sales Highlight Strong Sector
Two separate industrial properties recently changed hands in Moorpark, as the area continues to be a magnet for investors seeking stable properties with a strong tenant base. The Westlake Village-based branch of commercial real estate brokerage firm Lee & Associates managed the sale of both fully occupied independent assets, which totaled more than $20 million. Both properties were acquired by personal investors, a rising trend for key industrial assets in valley submarkets.
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$46 million lease transaction value is one of the largest in Conejo Valley on record
LEE & ASSOCIATES INKS 128,700 SF LEASE
FOR RESMED REGIONAL MANUFACTURING FACILITY
Calabasas, CA – June 12, 2023 - Lee & Associates LA/North Ventura has inked a 15-year lease transaction for a free standing, 128,700 SF state-of-the-art R&D industrial building located at 26801 Agoura Road in Calabasas, California. Located just off the 101 Freeway at Lost Hills Road, the site will house the manufacturing facility for ResMed Motor Technologies, a medical equipment manufacturer that will be relocating from Chatsworth, California. The transaction, which carries an estimated value of $46.5 million, was completed by Mike Tingus, president and Grant Fulkerson, SIOR, principal, both of Lee & Associates – LA North/Ventura, Inc., who represented the landlord, Cypress Land Company. Cushman & Wakefield represented the tenant, ResMed Inc.
“Finding the right location for companies seeking critical industrial facilities of this size is a challenge in this market, and this location met all the needs that ResMed required,” emphasized Tingus, who has been working with the landlord for more than thirty years. “As a regional headquarters manufacturing site, this is an impressive structure that checked all the boxes for ResMed – well designed, expansive parking, walking distance to retail amenities and easy access to the freeway. This is the first time the property has been available since it was built in 1998.”
The company was seeking to expand into a larger facility, with additional parking and a location that was closer to the labor market in the Valley area.
“Facilities of this size are hard to source,” emphasized Grant Fulkerson. “As always, location is critical, and having manufacturing access – complete with dock high doors and 24 ft. clearance height all contribute to being a Class A industrial facility that includes high design for the office space as well,” added Fulkerson, who is also a member of the Society of Industrial and Office Realtors, a leading global real estate association.