1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Lee & Associates Closes $20 Million Plus Office Transaction

George Thomson of Lee & Associates’ Orange office closes one of the largest transactions in Long Beach this year

 
 
The Park Tower at 5150 PCH
The Park Tower at 5150 PCH
PRLog - Nov. 21, 2011 - TORRANCE, Calif. -- In one of the largest transactions in Long Beach this year, Lee & Associates, one of the nation’s leading commercial real estate providers, has closed a sales transaction of more than $20 million for the Park Tower, a 119,287-square-foot office building located at 5150 Pacific Coast Highway in Long Beach, Calif. The sale price of the off-market transaction could not be disclosed.
   George Thomson of Lee & Associates’ Orange office represented the buyer, an affiliate of New York-based private equity firm Investcorp International, Inc. George Thomson and Marshal Vogt also played a key role in raising Park Tower’s occupancy rate from 38 percent to 96 percent in only 18 months preceding the sale.
   Thomson and Vogt have more than 30 years of combined office brokerage experience and service both the Long Beach and Orange County areas.

About Lee & Associates:
Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 44 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Photo:
http://www.prlog.org/11730142/1

--- End ---

Click to Share

Contact Email:
***@hoytorg.com Email Verified
Source:The Hoyt Organization
Phone:310-373-0103
Zip:90505
City/Town:Torrance - California - United States
Industry:Real Estate
Tags:lee & associates, long beach, Real Estate, George Thomson, Park Tower
Shortcut:prlog.org/11730142
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share