Columbia Container Lines LAX, Inc. has signed a 68-month lease for 156,096 square feet of industrial space at 691-701 Burning Tree Road in Fullerton, Calif., in a deal valued at more than $13.6 million. The landlord is CIM Group, which owns the property as part of its Northpoint Commerce Center, a 47-acre, master-planned industrial park near the Interstate 5 and State Route 91 interchange.

The freight-forwarding and logistics company is consolidating three older South Bay buildings into the Fullerton facility. Columbia Container Lines provides air, ocean and ground transportation services, as well as customs brokerage. The lease also gives Columbia a right of first option on an adjacent, 40,000-square-foot space.

“Columbia Container Lines had built a successful and growing business over the last 15 years, but its operations had become spread across three older South Bay buildings that no longer matched the company’s needs,” said Tyler Rollema, SIOR, of The Klabin Company, who represented the tenant alongside Matt Stringfellow, SIOR. “The goal was to consolidate into one larger, more efficient facility that offered a stronger image, higher clearance and an expansive truck court.”

The property features 18 dock-high doors; six grade-level ramps; 28-foot clear heights; 3,000 amps of power; and an 11,575-square-foot, single-story office with a secure truck court. CIM Group was represented by Ben Seybold, Tom Dorman and Sean Ward of CBRE.

The deal lands in the West’s tightest and most expensive industrial market. Orange County industrial vacancy stood at 7.2% in March — the lowest of any major Western market — while in-place rents averaged $17.79 per square foot, or nearly double the national figure of $9.03, as reported by Yardi Research data. Vacancy also dropped 100 basis points month-over-month in the largest reduction in any Western market that month.