Lee & Associates Negotiates Six Year Lease Renewal in Corona

CORONA, Calif.

Lee & Associates negotiated on behalf of their client, Universal Metals, on a six year lease renewal in Corona. Universal Metals has been occupying their 40,600 square foot industrial building since 2012 and they now have control of the building through 2025.

The tenant was represented by Luke Hudson and Bryan Miller with Lee & Associates-Orange, Inc.

β€œIt’s never an easy conversation to have with tenants who signed leases back in 2011 or 2012. The market rates have increased substantially since then. Fortunately, Universal has made timely rent payments and the landlord justified a bit of a discount on their rent as a result,” said Hudson.

 

About Lee & Associates

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.