Cushman & Wakefield Arranges 123,000SF Lease with California Apparel Manufacturer
9 Mar, 2012, Compton, Calif.
Apparel manufacturer Topson Downs has leased 123,000 square feet of distribution space, representing the full building at 2500 South Edison Way in Compton, Cal. Building owner Prudential Real Estate Investors (PREI) was represented by Rooney Daschbach, Steve Bohannon, Rusty Smith, and Eric Daschbach of the Los Angeles South office of commercial real estate services firm Cushman & Wakefield, Inc.
"Topson Downs, which had been using third-party logistics providers, decided to go in-house with those operations," said Rooney Daschbach. "The company's goals were to save money, be more profitable, and to have greater control over their distribution, and after an extensive search determined that this location would be ideal to accomplish those goals."
The Culver City, Cal.-based Topson Downs, which was represented by Mike Poyer of Capital Real Estate Advisors, manufactures and distributes various products ranging from mass market private labels to high-end contemporary fashion. The company's new distribution facility, which includes 10,000 square feet of office space, is situated within PREI's 19-building Dominguez Hills Industrial Park, represented exclusively by Cushman & Wakefield, Inc.
"The building at 2500 South Edison Way had been vacant for just two months," said Daschbach. "The reduced downtime on this and other industrial buildings in this market is a clear indication that the market is in a recovery mode. We are, in general, seeing less downtime than a year ago."
Cushman & Wakefield, Inc.'s industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions - totaling 141.6 million square feet in leases and 52.9 million square feet in sales - with an aggregate value of nearly $5 billion. This represented a year-over-year revenue increase of 26.7 percent.
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