Lee & Associates Negotiates 53,000-Square-Foot Industrial Sale

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By The Hoyt Organization -

Torrance, CA – August 10, 2012 – (RealEstateRama) — Lee & Associates, the nation’s largest broker-owned commercial real estate services firm, brokered the sale of a 53,444-square-foot industrial building at 225 Ottley Drive. Parkside Partners purchased the property with plans for redeveloping it into a loft office.

Kurt Unger, CCIM, SIOR represented the seller while Craig Viergever, SIOR and Taylor Smith represented the buyer. All are part of Lee’s Atlanta office.

The building sits on 3.69 acres nestled within the Beltline Overlay District and the Sweetwater Design District. Neighboring properties house designer showrooms, art galleries and a local favorite, Sweetwater Brewery. The location offers skyline views and ample parking for companies with a large amount of employees, and has potential for creating a second building that could provide decked parking in the future. More immediate renovations will offer creative office loft space (available for lease or sale), accommodated by a planned beltline station, complete with walking and biking trails and offer. With immediate access to I-85 and the I-75/I-85 connector plus access to Midtown, Downtown and Buckhead the location is unparalleled.

Lee & Associates Atlanta has 35 brokers specializing in industrial, office, investment and land brokerage.

About Lee & Associates
Celebrating more than 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 45 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 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at http://www.lee-associates.com.

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The Hoyt Organization
http://hoytorg.com/

Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.

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Phone: 310-373-0103

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