LOS ANGELES – Confirming continued demand for industrial space in the Los Angeles area, JLL announced today that third party logistics firm LAX Freight Delivery, Inc. has signed a lease for an entire 123,138-square-foot industrial building located on seven acres at 2187 Garfield Avenue in Commerce, California. The new lease represents a relocation from a smaller facility for LAX Freight Delivery.
JLL’s Jon Reno, SIOR, Mark Vanis, Trevor Gale, SIOR, and Sage Segal represented the landlord, Staley Point Capital, in the transaction. LAX Freight Delivery was represented by Marc DeGennaro of Lee & Associates.
“Despite the current economic climate, we see continued interest for industrial space in key infill markets like Los Angeles with buildings offering unique attributes for the supply chain logistics industry,” said Reno, SIOR, JLL Managing Director. “LAX Freight Delivery was attracted to this recently renovated property because of its low coverage and cross dock loading configuration.”
2187 Garfield Avenue is strategically located in the Central Los Angeles submarket with direct access to the major freeways and near the ports. It features 21 dock high positions, secured, concrete truck courts and 4000 Amps of power. LAX Freight Delivery will bond the warehouse.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
