CARSON, CA-AZ West, the western arm of NewJersey-based third party logistics firm AZ ContainerFreight Station, has signed a six-year lease withWatson Land Co. for a 300,000-square-footindustrial property at Watson Land Co.’s Watson Corporate Center.The transaction is among the largest single-building industrialleases in the South Bay submarket in 2011 in terms of squarefootage, according to Watson Land.

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AZ West’s new space is at 2220 E. Carson St. in the 113-acre,master-planned Watson Corporate Center and is valued atapproximately $12.5 million. The company is a port logisticsspecialist handling bonded and non-bonded distribution, and thefacility will accommodate the expansion of its growing business,according to a Watson announcement regarding the lease. Watsonnoted that the move doubles AZ’s warehouse space in the Port of LosAngeles/Long Beach Area to over 500,000 square feet in two SouthBay buildings.

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Watson has accommodated AZ’s interim growth with a short-termlease of a 130,000-square-foot warehouse while the new building isbeing prepared for its occupancy.

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The 300,000-square-foot distribution center, which is among thelargest in the submarket, is situated on 13 acres and features 51dock high positions with generous yard space. According toLance Ryan of Watson, large industrial product isamong the most sought-after in the South Bay because the market hasa limited supply of buildings exceeding 200,000 square feet. WatsonLand is enjoying high demand for these properties due to increasingport traffic, Ryan points out. AZ West was represented byBret Quinlan, Bill Waxman andMike Rizzo of CB Richard Ellis.Watson Land Co. was represented in-house by Ryan and MikeBodlovich.

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