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SANTA MARIA, CA-Lee & Associates has opened a new office here and has named industry veteran Allen Segal as its lead broker, expanding existing Lee Central Coast operations that already include its San Luis Obispo office. This second location in the Central Coast market follows Lee’s merger with Senn Commercial Real Estate a year ago, which created the San Luis Obispo office.

The new office is part of a Lee & Associates strategy that is designed to place a Lee office “in every significant business community in the state of California by the end of the decade,” says Bill Lee, founder of Lee & Associates. The goal is to open seven new offices in Southern California over the next four years, Lee says.

Marty Indvik, manager of the San Luis Obispo and Santa Maria offices, says that the impetus for the expansion is Santa Maria’s growing population, coupled with a demand for industrial and commercial real estate in the Central Coast region. Indvik plans to hire between three and five experienced brokers for the new Santa Maria office by 2007.

Segal, an industrial warehouse and investment specialist, previously worked at Collins Commercial Real Estate and Investments in Newport Beach for 22 years. Before that, he was at the Klabin Co. in Los Angeles for 10 years.

Segal trained on Wall Street as an investment banker at Smith Barney & Co., spending more than 10 years in the investment banking industry. The new Santa Maria office is at 421 E. Betteravia Rd.

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