The five-year commitment by the nationally ranked specialty contractor underscores sustained demand for Class A industrial product in the Gateway Cities corridor.
MEI Industrial Solutions, the Dallas-headquartered provider of rigging, machinery moving, crating, and specialized transportation services, has renewed its lease on a 248,105-square-foot industrial building at 14555 Alondra Blvd. in La Mirada, California. The five-year renewal is valued at approximately $21 million, reflecting the company’s continued investment in a strategically located Southern California hub.
The deal works out to roughly $16.93 per square foot annually, or approximately $1.41 per square foot per month on a triple-net basis. That figure is broadly consistent with prevailing industrial lease rates in the North Orange County and Los Angeles Mid-Counties markets, where asking rents have moderated but remain among the highest in the nation.
Senior Executive Vice President Chuck Wilson of Colliers represented the landlord, Brookfield Properties, in the transaction. David Cartwright of Armour Realty represented the tenant, MEI Rigging & Crate LLC, the entity under which MEI occupies the facility. “This lease renewal highlights the durability of well-located industrial assets in the Gateway Cities,” Wilson said. “Securing a five-year commitment reinforces La Mirada’s role as a core infill logistics market and reflects continued tenant demand for scale, efficiency, and proximity to regional distribution corridors.”
Herman Ahuja of Brookfield Properties noted that the renewal reflects confidence in the asset and in infill industrial locations across Southern California.
For MEI Industrial Solutions, the renewal cements a long-standing operational presence in the heart of one of Southern California’s most active logistics corridors. The company, formerly known as MEI Rigging & Crating, rebranded in 2025 to reflect the breadth of its service platform, which now spans rigging, millwrighting, industrial storage, crating and export packaging, and specialized transportation. MEI serves some of the nation’s most demanding industrial sectors, including data centers, semiconductor fabrication, electric vehicle and automotive manufacturing, and life sciences.
The company has been on a steep growth trajectory. MEI ranked No. 100 on Engineering News-Record’s 2025 Top 600 Specialty Contractors list, marking its fourth consecutive year of advancement — up from No. 236 in 2022. The company now operates 27 locations across 22 states, employs more than 1,700 people, and manages over 7.6 million square feet of industrial storage capacity nationwide. MEI is backed by private equity firm Olympus Partners, which invested in the company in 2023 to accelerate its national expansion strategy.
The La Mirada property is a critical piece of MEI’s West Coast infrastructure. Originally built in 1969 and fully renovated in 2016, the facility sits on a 12.09-acre site offering immediate access to the Interstate 5 and State Route 91 freeways. The property features more than 11,000 square feet of modern office space, 22-foot clear heights, an expansive concrete-fenced yard, oversized truck doors with full drive-through capabilities, a truck washdown facility, and a full-service mechanics building. Those specifications align well with MEI’s core business of transporting, rigging, and storing heavy industrial equipment.
Brookfield Properties acquired the asset in September 2021 for $55 million — approximately $216 per square foot — as a leased investment, according to public records reported by The Registry in October 2021. Wilson also represented both the seller, Interstate 5 Firestone LLC, and the buyer in that transaction. The acquisition price reflected the premium that institutional investors were placing on stabilized, infill industrial assets in the Los Angeles and North Orange County corridor at the time.
The renewal comes at a transitional moment for the broader Orange County industrial market. According to Cushman & Wakefield’s Q4 2025 MarketBeat report, the Orange County industrial vacancy rate rose to 5.0 percent in the fourth quarter of 2025, increasing for the twelfth consecutive quarter. CBRE’s Q3 2025 industrial figures showed asking lease rates holding at $1.62 per square foot per month on a triple-net basis, even as net absorption remained negative with approximately 1 million square feet of newly vacant space during that quarter.
Lee & Associates reported in its Q3 2025 Orange County Industrial Report that the North County submarket — the county’s largest at approximately 117 million square feet — saw tenants shed 562,526 square feet during the third quarter, pushing the submarket vacancy rate up 70 basis points to 6.6 percent. Countywide, the vacancy rate climbed to its highest level since 2011, according to the same report. Still, the firm noted that demand has recently risen for distribution buildings in the 100,000- to 200,000-square-foot range, with availability in that segment declining over the past two quarters.
Against that backdrop, MEI’s decision to lock in a five-year renewal on a 248,105-square-foot building signals confidence in the long-term value of the location and the firm’s continued need for a large-format, operationally specialized facility in the region. La Mirada sits at the junction of Los Angeles County and Orange County, placing it within reach of both the Ports of Los Angeles and Long Beach and the major inland distribution corridors extending through the Inland Empire. For a company whose business depends on moving and staging heavy machinery across Southern California and beyond, the location offers a combination of freeway access, yard space, and building functionality that is difficult to replicate in a market where industrial land has been essentially built out for two decades.
The transaction is the latest evidence that well-capitalized tenants with specialized operational requirements continue to commit to Class A industrial facilities in Southern California’s infill markets, even as the broader market navigates a period of elevated vacancy and rent moderation. For MEI Industrial Solutions, it represents a reaffirmation of its Southern California roots — and a foundation for the next phase of its national growth.
