Lee Shapiro
Executive Vice President, Director of Retail Brokerage
Kennedy-Wilson Properties, Ltd.
Lee Shapiro specializes in the sale and leasing of commercial investment properties throughout Southern California with a focus on office, retail and development sites. He excels in assisting private capital and institutional owners/developers with the design and leasing of new projects, as well as repositioning of existing properties. Over the last 18 months, Shapiro has secured deals for more than 221,000 square feet of commercial space in transactions representing nearly $83 million. Shapiro successfully completed the sale of 6000 Reseda Blvd. in Tarzana, a multi-tenant shopping center with redevelopment potential that unexpectedly had its TOC Tier 3 designation downgraded. Shapiro repositioned the property’s marketing and secured a local buyer who understood the submarket and the value of the property’s short-term leases. He impressively closed the transaction for $10 million at a cap rate of 4.1% in August 2020 during the pandemic, just four months after its repositioning.
