Leggett & Platt is a diversified manufacturer thatconceives, designs and produces a broad variety of engineeredcomponents and products for customers worldwide. It will use itsnew space for manufacturing and distribution in an expansion from38,000 sf elsewhere in Valencia. Leggett & Platt is expected tomove into the new space soon, following completion of tenantimprovements.

Mike Fowler of Newmark's LA office and Richard Madison ofNewmark in Rutherford, NJ, who handles Leggett & Platt'snational requirements, represented the tenant. Doug Sonderegger andCraig Peters of the CB Richard Ellis Inc. office in Sherman Oaks,listing agents for the business park, represented the BeverlyHills-based private investor who owns the property.

Terms of the lease were not disclosed. The asking rate for thebuilding is 49 cents per sf per month, triple-net.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.