Lee and Associates Completes Office Lease in Downtown Riverside

RIVERSIDE, Calif. - Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease for the Citrus Tower located at 3390 University Avenue. The 35,000-square-foot office lease represents approximately 25 percent of the building, which is currently under construction and set to be completed in April 2012. Rich Erickson, Dave Mudge and Tom Pierik, senior vice presidents of the Lee & Associates Riverside office, represented the landlord, Regional Properties, Inc.

The six-story, domed Citrus Tower is the only office building under construction in Riverside and San Bernardino counties. Located in the heart of Downtown Riverside, the building offers incredible visibility and high quality office space.

Aaron Wright and Andy Lustgarten of Studley, Inc. represented the tenant, Best Best & Krieger, LLP, one of Riverside’s oldest law firms with more than 200 attorneys in eight offices in California and one office in Washington, D.C. The new office at Citrus Tower will be only a few blocks away from its original office at Eighth Street and Main.

"This will be one of Downtown Riverside’s prime office spaces," said Erickson. "Despite the challenging local economy, the building has and will attract the highest quality tenants in the marketplace, as evidenced by Best Best & Krieger."

About Lee & Associates

Celebrating more than 32 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, Indiana, Illinois, 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 www.lee-associates.com.

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