X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CERRITOS, CA-China-based Winco DWL Industries Co., a manufacturer and importer of kitchenware and tableware to restaurants and chefs worldwide, has acquired a 44,172-square-foot industrial property here that will house the firm’s West Coast distribution operations, according to Colliers International. Clyde Stauff, senior vice president in Colliers International’s Irvine, CA office in Orange County, reports that Winco bought the property from the Button Family Trust, with Stauff representing the seller.

The new Winco facility is near the 5 and 91 freeways. Stauff comments that the location is crucial for the Chinese firm because, “It is critical for companies with international operations, such as Winco, to be located in close proximity to the ports of Los Angeles and Long Beach as well as LAX Airport.”

Cerritos is part of an industrial submarket known as both the Mid-Counties and the Mid-Cities market. It includes a group of cities straddling the Los Angeles-Orange County border, located in both counties, that is favored by many distribution firms for its central location with access to both counties. This central location, “is an important benefit of housing operations in the Mid-Counties marketplace,” Stauff says.

The 12765 166th St. building sold for $4.8 million, with Jonathan Fan of Remax 2000 representing the buyer. The building features 3,638 square feet of office and ample parking, according to Stauff.

The Mid-Counties market includes about eight to 10 cities and about 120 million square feet of space, although that definition varies from brokerage to brokerage because different firms use different boundaries to describe the market. Recent market reports list the vacancy at about 3.6% and the availability at about 5.9% in the market.

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

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.