Los Angeles, CA February 27, 2014—
President of Segal Commercial Properties and California commercial real estate expert, Lee Segal, is now Managing General Partner of LIMO Properties, a partnership that owns and operates 5.8 acres of industrial property in El Segundo, CA.
LIMO Properties constructed 120,000 Square feet of industrial space from the 1950s’ to the 1970s’ on 5.8 acres of what is now the industrial heart of El Segundo, CA.
“The portfolio consists of brick and concrete tilt up buildings. These buildings are ripe for redevelopment for higher and better use,” Segal said adding, “At this moment there is a renaissance of development in the El Segundo area to create creative office space, and these buildings align themselves perfectly for the future of the area.”
Segal, an experienced developer and broker, knows how to be creative and attract growing innovative firms to this area. During his career, he leased all the LIMO properties. The real estate veteran previously served 28 years as Senior Vice President of the Klabin Company, an industrial and commercial real estate brokerage firm.
The Los Angeles commercial real estate expert went on to lead acquisitions for Rexford Industrial and then the Watt Companies. Segal owns and manages Segal Commercial Properties where he advises clients in sales, leasing, developing, managing and investing in commercial real estate.
As Managing General Partner at LIMO, Segal will manage and market all of LIMO’s industrial properties and advise his investors on the future of real estate matters.
Segal Commercial Properties participates in virtually every aspect of the commercial real estate industry from marketing properties to managing projects. The firm is a “one-stop shop” for all real estate matters. Segal specializes in expert witness counseling to commercial real estate litigation attorneys in breach of contract, mitigation of damages, environmental, brokerage disputes, property management, partnership disputes and lease interpretation.