DAUM REPRESENTS BUYER IN THE ACQUISITION OF A 6.6 ACRE MULTI-FAMILY DEVELOPMENT SITE IN WEST COVINA, CA

Jul 10, 2013

 301 S Glendora Avenue, West Covina, CA 

DAUM Commercial Real Estate Services announced today that it represented Lennar Multifamily Investors, LLC in the acquisition of a 6.6 acre development site in West Covina, CA.  The site is located at 301 S. Glendora Avenue and has been entitled and approved by the city of West Covina for more than 400 multi-family residential units.  The site was previously a Wickes Furniture location and the new buyer intends to start demolition of the existing building and construction of the new apartment complex later this year.

Giann Vitale of DAUM’s San Fernando Valley office represented the buyer, while Tanel Harunzade of Charles Dunn represented the seller, Delta JC, LLC in the transaction.

DAUM Commercial Real Estate Services provides a full array of commercial real estate services including brokerage, consulting, leasing, sales, corporate services and asset, construction, project and property management.  Founded in 1904, DAUM is California’s oldest and most experienced commercial real estate brokerage company.  DAUM has 9 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services is a member of ONCOR International, a premier global commercial real estate network. ONCOR International members represent over 50 independent commercial real estate brokerages, with more than 2,200 associates, in over 170 offices throughout 32 countries. In 2007 ONCOR International members were collectively responsible for approximately $38.4 billion in commercial real estate volume and over 17,000 commercial real estate transactions. ONCOR International LLC, a subsidiary of Realogy Corporation, oversees the ONCOR International member network.   More information is available at www.oncorintl.com.