SAN PEDRO, CA-Logistics firm FMI International has signed a seven-year, $22 million lease for 513,108 sf of warehouse space at the Port of Los Angeles Distribution Center, bringing the 1.8-million-sf facility to 100% occupancy, according to CB Richard Ellis.

The CB Richard Ellis South Bay office team of Tres Reid, Ken Carey and Greg Dyer says the new lease will bring the total of space occupied by FMI International to 924,8076 sf. The CBRE team, which represented the property owner, SSR Realty Advisors, notes that FMI already is in 411,699 sf of space at the 87.5-acre facility. The new FMI International space is at 400 Westmont Dr. The company, which is a third-party logistics provider for the US apparel industry, is one of three logistics firms that occupy the Port of Los Angeles Distribution Center. Ed Whittemore of Los Angeles Real Estate Management represented FMI.

The FMI lease continues what industrial specialists say is an ongoing increase in the number of logistics firms operating in and around the ports of Los Angeles and Long Beach as the volume of goods shipped through the ports continues to rise. According to estimates by CB Richard Ellis, logistics firms occupy 12 million to 15 million sf of the 125 million sf in the Mid-Counties industrial submarket, which includes cities in both Los Angeles County and Orange County that operate port-oriented facilities.

SSR Realty Advisors acquired the Port of Los Angeles Distribution Center last year from Gardena-based Overton Moore Properties, the developer of the distribution center. The property, which is one of the largest facilities of its kind in Southern California, is part of a portfolio of more than $5 billion of assets under management by SSR. A subsidiary of MetLife and an affiliate of State Street Research & Management Co. of Boston, SSR provides real estate investment management advisory services to more than 100 pension plan sponsors and other institutional investors.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

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

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.