A Fresh Take on CRE

LA Deal Highlight: Full Occupancy at Industrial Space in Whittier

Los Angeles Deal Highlight: April 10th, 2014

From time to time, we like to highlight recent deals from the CompStak database that we find interesting. We hope you will find the information helpful.

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8550 Chetle Avenue in Whittier




 
Full Occupancy at Industrial Space in Whittier
a logistics firm recently signed a new lease for warehouse and distribution space at 8550 Chetle Avenue in Whittier. The signing of the new, 87,286 square foot space, which the company will lease for ten years, means full occupancy for the 203,613 square foot property. The remainder of the building, 116,327 square feet, was taken in the third quarter of 2013 by a pet food and supplies distributor, which leased the space for seven years. Both companies will pay rent slightly below the $0.53 PSF average for industrial space in the Southeast Los Angeles submarket.







 
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