CYPRESS, CA – Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, has completed an 11-year, $6.5 million office lease with American HondaCorp. (AHFC), which will be approximately 26,000 square feet located on the ground floor at 10801 Walker St., in Cypress, Calif. Jeff Coburn and Shaun McCullough, principals of Lee’s Long Beach office, represented the Landlord, Buzz Oates, LLC, while AHFC, a consumer finance component for the Honda Motor Co., was represented by Timothy Vaughan of CBRE.
“This is the financing arm for one of the world’s most recognized automakers, which makes them a great addition to the tenant mix here,” said McCullough. “Selecting the right location was critical for their operations. This building is in a prime spot and includes above standard parking, which was a strong factor in meeting their requirements. Both parties were very pleased with this transaction, which was in the works for two years.”
Built in 1998, the space leased is part of an overall 108,000-square-foot Class Abuilding located in West Orange County. The property is in the heart of four major freeways, which include 605, 405, 91 and 22. Some of the corporate neighbors include United HealthCare, Mitsubishi and Panasonic.
AHFC will be taking possession in January 2014.