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Lee & Associates Negotiates 16-Year Industrial Lease

LOS ANGELES - May 21, 2014 - PRLog -- LOS ANGELES, Calif.— MAY 21, 2014 — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, is proud to announce Sender One Climbing has signed a lease for their second Southern California location at 11220 Hindry Avenue in Los Angeles, Ca. The lease of the 30,000 square foot industrial building totaled $5.3 million in value and will offer Sender One an excellent location for its expansion plans.

Sender One is an unparralled player in the indoor rock climbing industry, boasting the tallest walls and largest footprint, allowing for the most climbing terrain in an indoor setting amongst their competitors.  In June of 2013, Greg Pieratt, principal with Lee & Associates – North San Diego County represented Sender One in opening their first location in Santa Ana, California.  The incredible buzz and success of the first location was a springboard to continue expansion and, in April of 2014, Pieratt successfully represented Sender One in locating and negotiating the Hindry property.

“We were proud to reach the finish line on this lease given all the obstacles we had to overcome,” stated Greg Pieratt. “Sender One incorporates 50 foot climbing walls which require the roof of the building to come off and be raised to 60 feet. This is always a substantial hurdle to overcome with a landlord and we are excited our partnership with this landlord group came together to allow for the vision.”  The height of the building also triggered the need for FAA approval given the proximity to LAX.


About Lee & Associates

Celebrating more than 35 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, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 730 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com

Tara O'Connor

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Source:Lee & Associates
Location:Los Angeles - California - United States
Industry:Real Estate, Sports
Tags:Indoor Climbing, Commercial Real Estate, Industrial, Los Angeles, Action Sports
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