Republic Floor has signed a long-term lease for a 100,000-square-foot freestanding warehouse and distribution facility in Montebello.
One of the fastest-growing flooring companies in the U.S., Republic Floor is consolidating multiple locations in the Los Angeles area in an effort to establish its North American headquarters on the West Coast. The new facility is located at 7227 Telegraph Rd. and offers frontage along Interstate 5 plus immediate freeway access.
Cushman & Wakefield Executive Director Tim Wallace represented the tenant, and property owner The O’Donnell Group was represented by Connor McRae, Scott Heaton and Chris Sheehan of Colliers.
“The Greater Los Angeles industrial real estate market is highly competitive and opportunities scarce,” Rotem Eylor, chief executive officer of Republic Floor, said in a statement. “For years we looked to acquire a building, but properties were selling above asking price by investors paying all cash. Even on this property for lease, there were multiple companies competing.”
Eylor added that leasing a warehouse turned out to be his best option.
“Republic Floor’s ability to withstand the changing economy is a testament to our niche for superior quality and customer service,” he said. “We have been fortunate to continue expanding worldwide, including new business acquisitions.”
Cushman & Wakefield’s Wallace agreed that it is a competitive market.
“This facility was the result of an extensive search within an extremely competitive environment for industrial space,” Wallace said in a statement. “Ultimately, Central Los Angeles was chosen due to its connectivity throughout Greater Los Angeles and the proximity to key targets. We are excited to represent Republic Floor in securing this desirable location along with other strategic pursuits that are in motion across the nation.”