Lee & Associates negotiated the sale of a 172,000-square-foot office-building complex in Tustin, Calif.
Greenlaw Partners LLC purchased the asset from The Meredith Trust for $32 million.
The Meredith Financial Centre includes five buildings located at 17772-17862 E. 17th St. Built in 1973, the property includes 52 office suites ranging in size from 550 square feet to 14,000 square feet.
The property was 90 percent occupied at the time of sale by tenants that included State Farm Insurance, General Nutrition Corp. and the corporate offices of Mimi’s Cafe.
Lee & Associates provides commercial real estate services through 31 offices located in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin.