REP Commercial Negotiates Lease for New Orthodontic & Dental Surgery Center at Canyon Point Marketplace in Rowland Heights, Calif.
September 22, 2005 (PRLEAP.COM) Business News
IRVINE, CA – REP Commercial, Inc., a wholly-owned subsidiary of Real Estate Partners, Inc., announced today the company negotiated a lease at the Canyon Point Marketplace in Rowland Heights, Calif. for a new orthodontic and dental surgery center.REP Commercial is a full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties.
Lotus Enterprises of Westminster, CA signed a 10-year lease for 1,350 square feet to locate at Canyon Point Marketplace at 19755 B E. Colima Road, located at the corner of Colima and Fairway. The value of the lease could not be disclosed. The new orthodontic and dental surgery center is slated to open in mid October 2005. This is Lotus Enterprises third location in Southern California.
Canyon Point Marketplace is an approximate 137,000-square-foot shopping center that is anchored by Albertsons.
David Morgan, based in REP Commercial’s Irvine office, represented both the landlord, UNT Atia Co. based in Santa Ana, CA, and the tenant, Lotus Enterprises. “There is only one remaining space available — 2,310 square feet at a rate of $2.25 square feet per month plus triple nets. REP Commercial is the exclusive leasing agent for the Canyon Point Marketplace.
About REP Commercial, Inc.
REP Commercial is a dynamic, full-service commercial real estate brokerage and management services company specializing in the sale, leasing, repositioning, management and disposition of client properties. As a majority owned subsidiary of one of the fastest growing privately funded real estate investment and management firms in the nation, Real Estate Partners, Inc., REP Commercial capitalizes on its highly experienced executive teams, a nationwide network of brokers and affiliates, and proprietary technological advantages to provide exceptional performance in every facet of its business. Headquartered in Irvine, California, the firm aggressively pursues investor and tenant opportunities in all major real estate markets. Providing clients with real estate service unparalleled in the industry, REP Commercial maximizes each opportunity through a suite of creative value-added services, industry relationships and market knowledge. For more information, visit www.repcommercial.com or call 949.585.7640.