Logistics Firm Leases Two Compton Warehouses

Trucking, storage and distribution organization Good Central Transport has signed two leases totaling 344,000 square ft of industrial area in Compton, Calif. The major of the two offers provided a 200,000-square-foot industrial building at 601-615 W. Walnut St., which is owned by the San Francisco-based warehousing giant Prologis. The 2nd deal was for a about 144,000-sq.-foot home at 921 Artesia Blvd. that is owned by JPMorgan Asset Management.

In both negotiations, the tenant was represented by Klabin Company’s Frank Schulz and Nick Buss. John Schumacher of CBRE negotiated on behalf of JPMorgan, even though Klabin’s David Prior and Todd Taugner represented Prologis.

“These two lease transactions had been crucial to Great Central’s operations as it swiftly expands its products and services and customer base,” Buss reported. “The demand from customers and level of curiosity in these buildings was incredibly significant and we employed our robust interactions and industry knowledge to secure them for our shopper in a well timed fashion with conditions that function for them.”

The two warehouse buildings are situated just a few blocks apart in a important industrial southern California corridor that gives access to freeways and the ports of Los Angeles and Extended Seaside. The Artesia Boulevard setting up stands on a 7.5-acre plot and earlier served as a DHL distribution facility. Fantastic Central Transportation signed a 61-month lease for the concrete tilt-up industrial setting up, which also involves approximately 15,000 square ft of place of work space, 14 dock-significant positions, just one floor-level doorway and 24’ obvious top. The home also arrives with a 400-spot parking area.

The Walnut Road warehouse rests on far more than nine acres and was just lately upgraded with 20 pit-design and style load levelers and perimeter fencing all over its huge yard. The building also characteristics 32 dock-high positions, two ground-level doorways and 22’ crystal clear height.

The need for warehousing and distribution amenities across California has been rising for various years now. On the other hand, COVID-19 lockdowns — coupled with the advancement of e-commerce — have kicked it into superior gear as emptiness rates method 1% in some markets. Meanwhile, spec construction for industrial properties more substantial than 100,000 sq. toes is battling to meet up with demand, with new houses leased in just a couple months.

For these seeking for business true estate — whether it be industrial, place of work or retail space — CommercialCafe supplies a in depth database of listings covering all of the key U.S. true estate marketplaces.

 

Compton CA

Previous modified: Oct 12, 2022

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