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Second Quarter 2016 remained strong for the Los Angeles / Long Beach Industrial Real Estate Market. The vacancy rate continued its downward trend to a recent low 0.7%. The market’s continual robust demand and limited supply has put upward pressure on lease rates and sale prices. The market is heavily slanted in favor of landlords and sellers, leaving Tenants and Buyers frustrated and forced to pay higher prices. -Brandon Carrillo, Principal Lee & Associates Long Beach
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MONTEBELLO-July 12, 2016— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 5 year lease renewal for a 60,027-square-foot industrial building located at 6909 E Washington Boulevard, Montebello, CA. The value of the lease renewal is approximately $2M. Trauger Ralston, Principal of Lee & Associates Los Angeles-Long Beach, Inc. represented the landlord, 6909 E Washington LLC. Anthony Bergman of Daum & Robert Flores of CBRE represented the tenant Western Intermodal Transport.
Contact: Trauger Ralston (310)965-1742 [email protected] |
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