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Lee & Associates Negotiates $5.5 Million Industrial Sale in Lake Forest

20662 Prism Place, Lake Forest
20662 Prism Place, Lake Forest
LAKE FOREST, Calif. - Jan. 8, 2014 - PRLog -- Kurt Bruggeman, senior vice president at Lee & Associates Irvine, has negotiated the $5.5 million sale of a 37,520-square-foot industrial building, located at 20662 Prism Pl., in Lake Forest, Calif.  This deal comes on the heels of a $37 million sale that Bruggeman and Ryan Swanson, also a senior vice president with Lee Irvine, brokered in Costa Mesa.

That transaction was one of the largest industrial sales in Orange County in 2013.

Bruggeman represented the seller, Sy Corp.  Kevin Turner, with Voit Real Estate Services, represented the buyer, Rick Watson of Wildfire Gymnastics, a state-of-the-art, full-service gymnastics program.

“There was significant demand for this property,” said Bruggeman, noting that several potential buyers were waiting to make a deal. “Wildfire Gymnastics already has a successful facility in Tustin, and they were looking for a central location to serve south Orange County, making this property a perfect fit for their expansion.”


About Lee & Associates

Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 750 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

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Samantha Desmond, The Hoyt Organization

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Source:Lee & Associates
Location:Lake Forest - California - United States
Industry:Business, Real Estate
Tags:Cre, Industrial, Sale, Real Estate, Brokerage
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