A Fresh Take on CRE

LA Weekly Comp Digest: Counsel Press Signs New Lease, Aeon Micro Renews, and More!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
   
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Counsel Press Signs New Lease Downtown LA

The appellate services firm with 18 locations from coast to coast recently signed a new lease for 3,400 SF of class A office space in the Crown Plaza building at 631 South Olive Street.  CP agreed to pay rent starting around $1.70 PSF with 3% escalations for the 5-year lease term
   
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Aeon Micro Renews in Rancho Cucamonga

The company that specializes in beginning and end of life storage and server products executed a renewal last month for its 10,000 SQFT, class C industrial space in the 6th Street Industrial Park at 10096 6th Street.  The company agreed to rent starting in the mid-$0.40s PSF with 5% escalations for the 3-year lease, and received 2 months of free rent to sweeten the deal.
   
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Bergen Discount Shippers Signs New Lease in Cerritos

The New Jersey-based pick & pack logistics firm that specialized in apparel and merchandise shipping recently signed a new lease for over 114,000 SQFT of industrial space at 15905 Commerce Way.  The company agreed to pay rent starting in the low-$0.40s PSF with 3% escalations over the 5-year, 8-month lease term.