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LOS ANGELES-A 155,992-sf industrial building in La Puente has been leased by a third-party logistics firm. Hydra Warehousing & Consolidation Inc., has inked a 10-year lease valued at $8.4 million. The Sacramento-based company has already occupied the facility, which is a new location for them. They will use the recently completed building to store bottles. It is located at 14255-317 Lomitas Ave.

Hydra was represented by Paul Dutra of CB Richard Ellis. Jim Center of Grubb & Ellis’ San Gabriel Valley office, negotiated for the owner, Anaheim-based Lomitas LLC.

The deal follows a recent announcement that ground-breaking will commence Monday on a 500,000-sf warehouse distribution facility. The building, to be known as MC&C Commerce Center, has a projected worth of $30 million. The completed facility will stand on a 20-acre parcel at 16301 Trojan Way. Completion is slated for spring 2002.

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