X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CITY OF COMMERCE, CA-ACCO Engineered Systems has acquired a 150,000-square-foot property at 6446 E. Washington Blvd. here from Chicago-based Joseph T. Ryerson & Son Inc. for more than $15 million in one of the largest such deals in the Los Angeles Basin this year, according to Jones Lang LaSalle. Paul Sablock of JLL says that Glendale, CA-based ACCO, which is one of the largest mechanical engineering firms in the US, will be expanding its operations at the crane-served building.

Sablock, executive vice president of Jones Lang LaSalle’s industrial services team, was part of a JLL team including Greg Matter, Barry Hill and Zac Sakowski that negotiated the transaction on behalf of ACCO, which plans to take occupancy of the building before the summer. Seller Ryerson was represented by Jack Whalen of McKinney Travers.

According to Sablock, ACCO found an ideal property with existing infrastructure in place that suited its growing operations, as well as unique fabrication, warehousing and distribution needs. Sablock adds that the sale “is evidence that despite the downturn in the Los Angeles industrial market, the market is still alive and there are excellent opportunities for users who have a long term vision and are in good financial condition.”

The 6446 E. Washington Blvd. building will be the 11th location in the Western US for ACCO, which is an employee-owned contractor with expertise in the areas of heating, ventilating, air conditioning, refrigeration, process piping, plumbing, building control systems, as well as service retrofit and maintenance. The new ACCO building is adjacent to the Citadel Outlet Mall and the new Costco Business-to-Business Wholesale development, close to the Interstate 5, 710 and 605 freeways.

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.