Lee & Associates Closes $5.9 Million Sale of Tustin Industrial Building
TUSTIN, Calif.—April 16, 2014—Meridian Graphics, one of the largest printing and graphic companies in Southern California, has sold its 2652 Dow Ave. building for $5.9 million and signed a lease to remain in the property for the next seven years.
Justin Smith and Phil Cohen, both senior vice presidents of Lee & Associates Irvine, negotiated the transaction of the company’s 42,340 square-foot building, which Meridian purchased in 2004. The building, which serves as Meridian’s headquarters, is in a highly desirable location near John Wayne Airport and the Tustin/Irvine industrial area. Meridian is planning on using the funds from this sale to help in its acquisition plans,” said Smith.
Founded in 2000 by Dave Melin, Meridian Graphics is one of the largest, G7 certified, environmentally responsible commercial sheet-fed printing companies in Southern California specializing in the production of a wide array of products including posters, packaging, brochures, annual reports, mailers and line books, newsletters, catalogs and more.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com