LOS ANGELES-UMA Enterprises, a wholesaler in the home furnishings industry, leases 234,600 square feet from AMB Property Corp. at 601 Carob St. The property is called AMB/NDP Distribution Center, and UMA Enterprises plans to consolidate its operations in the new facility, which is located in the South Bay submarket of the Los Angeles area.
“In today’s highly competitive market, it’s critical that we attract new customers of this quality in order to grow our existing portfolio,” says Kim Snyder, AMB’s managing director of the West Region. With the addition of UMA, the facility is now 100% leased.
“This location is ideal for us,” says Naval Bansal, president and CEO of UMA Enterprises. “We’ve done business in the past with AMB, which made this deal very attractive. They have a well-deserved reputation for being flexible and taking excellent care of their customers.”
An AMB source tells GlobeSt.com that the length of the lease is five years, but could not provide financial terms. As of March 31, 2010, AMB's portfolio in the Los Angeles area totaled more than 22.6 million square feet of operating and development facilities.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
