X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CITY OF INDUSTRY, CA-Transportation and logistics company Megatrux Inc. will consolidate operations from two Orange County locations with its move into a new, 90,000-sf headquarters at 18725 San Jose Ave., according to Insignia/ESG.

Megatrux signed a $2.8 million, seven-year lease with Majestic Realty for the industrial space, according to Insignia’s Kent Stalwick and Mark Latimer, who represented the transportation firm.

Stalwick tells GlobeSt.com that Megatrux has moved into the new space, where it relocated from facilities in Brea.

The new Megatrux facility is a freestanding, single-story, concrete tilt-up structure that was built in the mid-1980s and is part of an industrial park developed by Majestic Realty. Majestic was represented internally by Terry Baker and Kent Valley in the lease negotiations.

The new space will enable the transportation company to expand its growing warehousing business and provides a centralized location, Megatrux President Karen Pelle says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.