Both leases involve AMB's Airport Business Park, a 33-acreproject on the west side of Van Nuys Airport. Capstone TurbineCorp. agreed to take 78,711 sf at 16640 Stagg St., in a 10-yeardeal valued at $5.9 million.
Separately, online children's' clothing retailer Enson Inc. took108,162 sf of administrative and distribution space in aneighboring building, in a five-year pact worth about $3.7million.
The vacancy factor in the San Fernando Valley industrial marketis a scant 3%, down from about 5% a year ago. "The Valley has morethan 100 million sf of industrial space, but it's still hard tofind anything available," Brad Koehler, the Trammell Crow brokerand vice president who represented AMB in both transactions, tellsGlobeSt.com. "There's a shortage of space and lots of demand."
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