Cassidy Turley BRE Commercial Announces Recent Transactions - January 10, 2011

Published on January 10, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced the following transactions:

Sales
Mike and Wangni Lee, LLC purchased a 5,374-square-foot retail building at 1570 Crossways Boulevard in Chesapeake, VA from Wells Fargo Bank N.A. as co-trustee under The Ray S. Lipson Trust Agreement for $2.38 million. Chuck Klein and Kevin Held of Cassidy Turley BRE Commercial represented the seller in the transaction. Patrick Chen of Win Realty represented the buyer.

Andrew H. Thio, MD purchased a 3,100-square-foot office suite at 2023 Vista Way West, Suite C, in Vista, for $505,000. Jeff Abramson of Cassidy Turley BRE Commercial represented the buyer in the transaction. Rusty Williams and Steve Bruce of Lee & Associates represented the seller.

Leases
TD Ameritrade, Inc. leased 5,332 square feet of office space for 10 years at 701 Palomar Airport Road, Suite 100, in Carlsbad, from Cognac Carlsbad Pacific Center, LLC for $1.54 million. Joe Anderson, Stacy Looney and Brooks Campbell of Cassidy Turley BRE Commercial represented the lessor in the transaction. Brad Jones of CB Richard Ellis represented the lessee.

Kenneth M. Berrin, DDS leased 1,152 square feet of retail space for five years at 13132 Poway Road, Suite B, in Poway, from Poway Library Plaza, LLC for $105,838. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented the lessor in the transaction. Paul Braun of Colliers International represented the lessee.

Shoe Store leased 1,035 square feet of retail space for seven years at 574 East Mission Road, Suites A and C, in San Marcos, from LSF Limited Partnership for $85,618. Phil Lyons, CCIM, Bruce Schiff, CCIM, and Andrew Peterson of Cassidy Turley BRE Commercial represented the lessor in the transaction. The lessee’s representation was not disclosed.

Cross-Border Services, Inc. leased 5,637 square feet of industrial space for 12 months at 6754 Calle de Linea, Suite 105, from Otay Mesa West 67, LLC for $47,350. Regan Tully of Cassidy Turley BRE Commercial represented both the lessor and the lessee in the transaction.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 427 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley has served the international needs of its clients since 1985.  In 2010, the firm enhanced its global service delivery through its partnership with GVA Grimley. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets.  Please visit www.cassidyturley.com for more information about the company.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded over $800 million in transactions in 2009. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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