7227 Telegraph Highway. Picture courtesy of Cushman & Wakefield
Republic Ground has signed a full-building lease at 7227 Telegraph Highway, a 101,429-square-foot freestanding warehouse and distribution facility in Montebello, Calif. The property will function the flooring firm’s new North America headquarters.
Govt Director Tim Wallace of Cushman & Wakefield represented the tenant. The Colliers crew aiding the proprietor, The O’Donnell Group, included Vice President Connor McRae, alongside Senior Govt Vice Presidents Scott Heaton and Chris Sheehan.
Accomplished in 1973 and refurbished in 2019, the power sits on 3.9 acres and options motion-censored LED lighting, 24-foot clear heights, 10 dock-high positions and a ground-level ramp. The Class B property provides 101 parking areas and consists of 5,133 sq. toes of workplace house.
The distribution facility is positioned at 7227 Telegraph Highway, 11 miles from downtown Los Angeles and has entry to interstates 5 and 710. Corporations within the surrounding space embody Supply Logistics, Sugar Meals Corp., Unified Grocers and FedEx, amongst others.
Wallace talked about in ready remarks that the situation represented a chance resulting from its connectivity all through Higher Los Angeles, a aggressive space that lacks trendy amenities. Based on the newest CommercialEdge report, Los Angeles’ industrial sector had a 2.1 p.c emptiness charge as of October, decrease than the nationwide charge of 4.0 p.c. Moreover, the metro’s common industrial lease registered a 9.7 p.c enhance year-over-year.