Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.