Flexport Leases LA-Area Facility
Cushman & Wakefield arranged the transaction on behalf of the tenant for a newly developed industrial facility located in Compton, Calif.
By Evelyn Jozsa
Flexport, a full-service air and ocean freight forwarder, has signed a lease for a recently developed industrial facility in Compton, Calif. Prism Realty Corp. is the owner and developer of the 136,685-square-foot asset. Cushman & Wakefield represented the tenant in the transaction.
The property is positioned at 1420 N. McKinley Ave., near the intersection of interstates 110 and 105, approximately 14 miles from downtown Los Angeles. Additionally, the facility provides access to the Los Angeles and Long Beach ports.
The building features 32-foot clear heights, 27 dock-high doors, concrete truck court and drives, as well as a fully fenced, gated and lit truck yard. The property also offers 8,770 square feet of office space across two stories.
“The South Bay experienced a slight bump in vacancy to begin 2018 due to the onslaught of over one half million square feet of new product. However, it remains very active and continues to attract both expanding and migrating industrial tenants, and the levels of new construction, especially those modernized and well located such as Flexport’s new facility, is helping fulfill the ongoing historic strong demand in this market,” said Rusty Smith, director at Cushman & Wakefield, in prepared remarks.
Image via Google Street View
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