In the Nissan deal, the car maker extended its lease in an early renewal for nine years for a building at 941 W. Artesia in Compton. The facility is a warehouse and distribution center for auto parts that the company sends throughout the western US. Nissan was represented by John Schumacher of the Torrance office of CB Richard Ellis. Terms of the deal were undisclosed.
In a lease for a 323,374-square-foot building at 2700 Imperial Highway in Lynwood, national third-party logistics firm Pacer extended its lease for five years. Pacer was represented by Steve Sprenger in the Anaheim office of Grubb & Ellis. Lease terms were undisclosed.
In the third deal, Crown Crafts Infant Products Inc., an importer of infant and toddler bedding, soft goods and accessories, signed a five-year renewal on a 157,400-square-foot building at 711 W. Walnut in Compton. The lease is valued at $4.5 million. Crown Crafts was represented by Wood of SRG.
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
Already have an account? Sign In Now
© 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.