Fu-Lyons Associates was established by Charles J. Lyons III and David Fu in 1986 as a development company for the purpose of providing real estate development and management expertise in exchange for development and management fees.
Lyons purchased Fu’s interest in 1992 so that Fu could devote full time to his family’s interests in Singapore.
Lyons has been a licensed real estate broker in the State of California since 1978. He has served as a director of the American Industrial Real Estate Assn. from 1986-89 and 1992, and held the elective positions of Public Relations chair, Treasurer, Special Events chair, Senior Advisory Committee, and Arbitration Committee.
Lyons has leased, managed and owned industrial properties in Los Angeles and Orange County since 1979, and he and/or his family currently own more than 900,000 square feet of industrial space.
In addition to managing the family owned properties via Fu-Lyons, he also manages some 300,000 square feet owned by other close friends. In aggregate, he manages about 1.2 million square feet for his own account and others.
During the past 25 years, Lyons has purchased developments or redevelopment’s totaling more than 1.6 million square feet of finished industrial buildings for his various partnerships in which he or his immediate family had ownership.
Three other executives in Fu-Lyons Associates’ highly successful operations contribute significantly to the company’s ongoing profitability and growth.
Charles Lyons Jr., Lyon’s father, an advisor and partner in several Fu-Lyons ventures, owned a large scale golf equipment and aerospace manufacturing firm with facilities in Paramount and Tijuana from 1973 to 1991. The company employed more than 350 and recorded annual sales of about $20 million. His experience as a lawyer and wise counsel have been valuable contributions to Fu-Lyons. He was the managing general partner of the South Bay Pavilion at Carson, a 1 million square-foot regional retail complex situated on more than 70 acres at Avalon and Del Amo Boulevards, until it was sold in April 2003.
Cynthia Lyons, wife of Charles Lyons III, is deeply involved in the management and marketing of Fu-Lyons Associates’ developments. With an undergraduate degree in mathematics from University of California at Irvine, she supervises construction and loan draw requests plus construction contract negotiations, and maintains loan officer contact. As a partner in Lyons & Lyons Properties, she supervises production of leasing and sales promotional materials, and actively participates in initial leasing, sales and lease renewal negotiations. A licensed real estate salesperson, she is qualified to follow up on all her husband’s duties.
Property Manager Sylvia Gonzalez’ responsibilities include lease negotiations and documentation, handling monthly billing to tenants, implementation of property management software, overseeing accounts payable and supervising bank reconciliations. She is also an executive assistant to Mr. Lyons.
Recent Fu-Lyons projects have consistently produced rents and sales prices in the "A" product comparable category of the rental markets, with emphasis on utility, aesthetics, and quality of construction. Past projects have been built for sales or long term ownership for leasing rather than short term ownership. All common area and exterior maintenance items are contracted directly and included as part of the gross rent. The properties reflect a well maintained and uncluttered image which has been very positive for the community and has tended to raise city planner’s expectations and demands on other property developers as well. The end result is a steady increase in the entire area’s demand and property values, with industrial parks controlled by Fu-Lyons recipients of various community awards. Fu-Lyons prides itself in setting the newest standards in the marketing area which city planners reference when directing new applicants.
Recent projects, listed in reverse chronological order, include:
Choi Lyons Alaska
Location: 436-438 Alaska Ave., Torrance, CA
Total square feet: 22,360
No. Buildings: One, divisible to 2 units (11,180 sf each); 100% Leased.
Status: Renovation completed April 2007; Owned by Chuckie Lyons, Charlie Lyons, Dan Kang, James Lee, and Jim Kim; managed by Fu-Lyons.
Fu Lyons Signal Hill
Location: 2665-2745 Temple Ave., Signal Hill, CA
Total square feet: 68,480
No. Buildings: six freestanding, 100% Leased
Status: Project completed July 2006; Owned by David Fu, Chuckie Lyons, Mike Quagletti, and Dennis Ingram; managed by Fu-Lyons.
Kang Lyons Debie
Location: 6801 Debie, Paramount, CA
Total square feet: 23,410
No. Buildings: One. 100% Leased.
Status: Owned by Chuckie Lyons along with several investors; managed by Fu-Lyons.
Lyons-Kang
Location: 7300 Somerset Blvd., Paramount, CA
Total square feet: 56,545
No. Buildings: one, divisible to 2 units (12,825 & 43,720 sf); 100% Leased.
Status: Owned by Charlie Lyons and Danny Kang; managed by Fu-Lyons.
Lyons Torrance
Location: 7015-7017 Kashiwa St., Torrance, CA
Total square feet: 18,097
No. Buildings: one, divisible to 2 units (7,977 and 10,120 sf); 100% Leased.
Status: Owned by Charlie Lyons; managed by Fu-Lyons.
Fu-Lyons Rosecrans Building
Location: 7201 Rosecrans Avenue, Paramount, CA
Total square feet: 88,237
No. Buildings: one, divisible to 3 units
Status: Marketed by Lyons & Lyons Properties. Sold in January 2000 as vacant land.
Fu-Lyons Downey Business Center
Location: 9768-9868 Firestone Blvd. and 11258 Regentview, Downey, CA
Total square feet: 168,265
No. Buildings: 12 freestanding, for sale or lease.
Size Range: 9,274 sq. ft. to 32,006 sq. ft.
Status: completed May 1999; The project is 100% occupied; Upon completion, three buildings were sold as leased investments; nine buildings owned by Charlie Lyons, and entire business park leased and managed by Fu-Lyons.
Fu-Lyons Torrance Business Center
Location: 468-588 Amapola Avenue, 2280 208th Street, and 2225-75 Dominguez Way, Torrance, CA
Total square feet: 194,161
No. Buildings: 16 freestanding, for sale
Size Range: 8,296 sq. ft. to 24,965 sq. ft.
Status: completed October 1996; fifteen buildings sold by August 1997; one building owned and leased by Fu-Lyons and entire business park managed by Fu-Lyons.
Black Equities-JBR Alondra Business Center
Location: 7210-7314 Alondra Blvd., Paramount, CA
Total Square Feet: 139,127
No. Buildings: one, containing 11 industrial units, plus a detached two-story, multi-tenant office building
Size Range: Indust.: 7,309 sq. ft. to 27,546 sq. ft.
Office: 451 sq. ft. to 12,197 sq. ft.
Status: Selected in January 1996 to manage this complex by Black Equities of Beverly Hills, CA; managed by Fu-Lyons.
Fu-Lyons Bellflower Business Center
Location: 9050-88 Rosecrans Avenue and 14328-38 Lakewood Blvd., Bellflower, CA
Total square feet: 216,222
No. Buildings: 18 freestanding, for sale or lease
Size Range: 9,605 sq.ft. to 26,471 sq. ft.
Status: first phase completed in August 1995, second and final phase completed March 1996, all buildings leased or sold by March 1996; six buildings still owned by Lyons family, entire business park is managed by Fu-Lyons.
Fu-Lyons Firestone Industrial Center
Location: 4551-99 Firestone Blvd., South Gate, CA
Total square feet: 183,107
No. Buildings: 12 freestanding, for sale or lease
Size Range: 4,951 sq. ft. to 28,248 sq. ft.
Status: completed November 1991; initial absorption period was six months; 2 buildings sold, 9 buildings owned by Charlie Lyons and entire business park managed by Fu-Lyons.
Fu-Lyons Paramount Industrial Center
Location: 7611-33 Somerset Blvd., Paramount, CA
Total square feet: 217,669
No. Buildings: five buildings divided into 25 warehouses
Size Range: 6,106 sq. ft. to 15,260 sq. ft.
Status: completed in March 1991; initial absorption period was 12 months; 100% owned by David Fu; managed by Fu-Lyons.
Lyons Garfield Industrial Center
Location: 14488-14538 Garfield Ave., Paramount, CA
Total Square Feet: 277,266
No. Buildings: six buildings divided into 23 warehouses for lease
Size Range: 5,661 sq. ft. to 27,596 sq. ft.
Status: Owned by Chuckie and Charlie Lyons, managed by Fu-Lyons.
Orange Avenue Industrial Park
Location: 7003-21 Rosecrans Avenue; 14150-68 Orange Ave., and 6840 Walthall Way, Paramount, CA
Total Square Feet: 56,972
No. Buildings: 24 units, for lease
Size Range: 696 sq. ft. to 10,177 sq. ft.
Status: Purchased by Fu-Lyons in August 1987 for rehabilitation and investment; sold in May of 1992 to Sonya Romei; currently managed by Fu-Lyons.
Fu-Lyons Paramount Building
Location: 7315-25 Adams Street, Paramount, CA
Total Square Feet: 20,700
No. Buildings: one, purchased and syndicated in December 1986
Status: Sold May 2002 as investment.
Lyons Adams Garfield Building
Location: 15141-55 S. Garfield Avenue and 7341-55 Adams Street, Paramount, CA
Total Square Feet: 38,980
No. Buildings: one building divided into 19 modules for lease
Size Range: 1,015 sq. ft. to 3,764 sq. ft.
Status: Owned by Charlie Lyons since 1984; currently managed by Fu-Lyons.
Lyons Garfield/Somerset Building
Location: 15125-31 Garfield Avenue and 7350 Somerset Blvd., Paramount, CA
Total Square Feet: 64,533
No. Buildings: one building divided into one office complex and four industrial units for lease
Status: Owned by Charlie Lyons since 1978; managed by Fu-Lyons.