CITY OF INDUSTRY, CA-Four tenants have signed new leases for nearly 386,000 sf of distribution space at Majestic Realty Co. developments here and in Chino, Norwalk and La Mirada. The four are Travelers Club Luggage Inc., General Cable, kitchen appliance make Dacor and Eco Wheel Corp.
Travelers Club, a maker of luggage and sports gear, signed a five-year lease for 100,000 sf of distribution space in a newly refurbished building at 14720 E. Alondra Blvd. in La Mirada. Majestic was represented internally by Trent Wylde and Michael Roski, with the tenant represented by Larry Carlton of Colliers International and Jerry Gillman of Grubb & Ellis.
Peter Yu, president and CEO of Travelers Club Luggage, says he chose to move his company's headquarters to the La Mirada property after surveying a number of Southern California sites. The company sells to US big box stores, specialty store chains, sporting goods chains, major dot.com operations and Latin American countries.
General Cable, a cable maker and distributor, signed a five-year renewal of its lease for 165,000 sf of warehouse space at the Majestic Spectrum in Chino, where the company has been since 2002. Majestic was represented by Wylde, Justin Wheeler and Kevin McCarthy, with General Cable represented by Kris Bjorson and Tim O'Rourke of the Staubach Co.
Dacor, a designer and manufacturer of kitchen appliances, signed a five-year renewal for 100,000 sf of distribution space at 415 S. Seventh Ave. in the City of Industry in a deal brokered by Roski. The company has been in the space since 2001.
Mike Laiman, vice president of manufacturing for Diamond Bar-based Dacor, says the Seventh Avenue location is an important customer fulfillment center for the company, which operates a manufacturing plant next door. The distribution center allows Dacor to consolidate shipments and fill orders throughout California and throughout North America, Laiman says.
Eco Wheel Corp., a provider of luxury automotive, truck and SUV wheels and accessories, signed a three-year lease for 20,600 sf of space on Blackburn Avenue in Norwalk. Majestic was represented by Roski and Wylde.
Terms of the four leases were not disclosed. Average asking lease rates in the San Gabriel Valley were about 57 cents per sf per month triple-net in the fourth quarter, according to recent market reports.
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