According to Craig Ersek, a principal and executive vicepresident of Essex, Leaverton was looking for a comprehensivemanagement provider with not only an understanding of managementbut also a property manager that would provide principal-levelguidance for the Leaverton portfolio. Essex is a regionalcommercial property management firm with extensive experience inmanaging multi-tenant business parks.

The four properties in the portfolio are the 452,000-square-footLease All-La Palma Business Park, the 102,000-square-foot LeaseAll-Orangethorpe Business Park, the 197,000-square-foot LeaseAll-Anaheim Business Park and the 50,000-square-foot L&WBusiness Park in the City of Orange. The La Palma property offersoffice and industrial spaces from 1,100 square feet to 15,000square feet; Orangethorpe offers office and industrial spaces from1,470 square feet to 5,000 square feet; Anaheim Business Parkoffers office and industrial units from 1,000 square feet to 11,500square feet and L&W offers spaces of 750 square feet to 6,700square feet.

Essex manages more than 16 million square feet of office,industrial, retail, medical, commercial associations andself-storage projects throughout California and Arizona. EssexRealty Management is part of the Essex Group, which includes EssexProperties. The Essex Group firms have developed and managed officebuildings, industrial parks and retail centers since the company'sfounding in 1971.