Leading Distributor Signs Lease At Los Angeles Premier Industrial Park
21 Dec, 2005, Los Angeles, CA
Lagasse Inc., a subsidiary of United Stationers, North America's largest wholesale distributor of business products, has signed a seven-year lease to occupy 239,659 square feet at the newly built facility at 3963 Workman Mill Road in Whittier, Los Angeles County. Stuart Milligan, David Hasbrouck and John McMillan from Cushman & Wakefield's Los Angeles office represented the landlord. Corey Spound of Staubach represented Lagasse in the transaction.
A leading national distributor of janitorial and sanitary maintenance products, Lagasse was searching for a facility that would fully meet its expanding business requirements. The firm previously occupied a 105,000-square-foot facility in Pico Rivera, Whittier's neighboring community. "Lagasse's choice of 3963 Workman Mill Road was based on the facility's front-loading features and the overall prestigious corporate image projected by the Gateway Pointe Industrial Park," says Stuart Milligan, a director at Cushman & Wakefield's Los Angeles office.
The concrete tilt-up building, part of which is to be occupied by Lagasse, totals 346,000 square feet and is part of Gateway Pointe's Phase II. The brand new state-of-the-art building features 30-foot high ceilings, 3% skylights, ESFR sprinklers and all-concrete truck yards. Lagasse will occupy the building after the build-out of tenant improvements that will accommodate the company's operational requirements.
Gateway Pointe Industrial Park, one of the largest business parks in the Greater Los Angeles Basin, features five free-standing buildings totaling 1.6 million square feet on approximately 70 acres of land. It is owned and was developed by the Los Angeles-based Southwest Carpenters Pension Trust and is represented exclusively by the Cushman & Wakefield brokerage team of Stuart Milligan, David Hasbrouck and John McMillan. "At opening, the project is 60% pre-leased. The Pension Trust is pleased with the development's success," said Ron Azad, portfolio manager with CBRE Investors, a realty advisor to the Pension Trust.
Located at the intersection of the 60 and 605 Freeways in the center of the Los Angeles Basin, Gateway Pointe provides easy access to all major areas of Southern California and the Western United States. Just 25 miles from the Ports of Los Angeles and Long Beach, it offers the advantage of lower transportation costs compared to warehousing facilities further out east. Proximity to a large labor pool is an additional attraction for companies locating their operations at Gateway Pointe.
Phase I of Gateway Pointe comprises three buildings completed in the first quarter of 2005. Two of the buildings are occupied by Four Seasons General Merchandise and FedEx.
Phase II consists of two buildings, one leased by Lagasse, and the other one, also completed, is available for lease.
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