The city of Carson continues to attract tenants in Los Angeles County’s tight industrial real estate market, as plastic tube manufacturer CCL Tube Inc. and logistics company Jerich USA, signed significant leases in the city, broker Cushman & Wakefield announced.
CCL Tube, a division of Canada-based CCL Industries, extended its lease for 101,000 square feet of space at least 10 years at 2250 E. 220th St., an industrial building constructed in 1982 and renovated in 2008.
Jeff Morgan of Cushman & Wakefield represented CCL Tube in the lease negotiation and was assisted by Eric Garfield and Tom Solan.
The company was approaching the final year of its 10-year lease, Morgan said in a statement.
“They have essentially locked their real estate in place for many years to come in what is a very desirable and high-demand market for industrial product,” he said.
Meanwhile, Jerich USA, part of Austria-based global supply chain company Jerich International, is expanding its footprint in Carson. It doubled its industrial footprint in the city to nearly 215,000 square feet.
The company extended its occupancy of its 107,300-square-foot warehouse at 1113 E. 230th St. while expanding into the adjacent 107,500-square-foot warehouse at 1165 E. 230th St.
The two buildings, which Jerich calls its Los Angeles Terminal – West Coast Distribution Center, are owned by Watson Land Co. as part of its Watson Industrial Center South complex.
Morgan and Dirk Hrobsky of Cushman & Wakefield’s New York office represented Jerich in the transaction.
The company had an immediate need to expand its operations near the ports of Los Angeles and Long Beach, Morgan said in a statement.
“The neighboring building provided an ideal opportunity to accommodate the company’s services growth before it even became vacant—demand is very strong for these buildings,” he said.
The industrial vacancy rate in the submarket of Carson, Compton and Rancho Dominguez is 1.7 percent as of the first quarter of this year, according to Cushman & Wakefield data.
Real estate reporter Ciaran McEvoy can be reached at [email protected] or (323) 556-8337.
