{"id":1004039861,"date":"2012-03-21T06:16:52","date_gmt":"2012-03-21T14:16:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004037672"},"modified":"2022-12-06T16:37:14","modified_gmt":"2022-12-07T00:37:14","slug":"prologis-signs-270-ksf-industrial-lease-in-l-a","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prologis-signs-270-ksf-industrial-lease-in-l-a\/","title":{"rendered":"Prologis Signs 270 KSF Industrial Lease in L.A."},"content":{"rendered":"<p><strong>By Nicholas Ziegler, News Editor<\/strong><br \/>\n<div id=\"attachment_1004037673\" style=\"width: 190px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-Prologis-South-Bay-Distribution-Center-LA.jpeg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004037673\" data-attachment-id=\"1004037673\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/031912-hotel-key-cards-user-wonderdawg777-150x150-50x50\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777-150x150-50x50.jpg\" data-orig-size=\"50,50\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"031912-Hotel-Key-Cards-user-Wonderdawg777-150&#215;150-50&#215;50\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777-150x150-50x50.jpg?w=50\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-Prologis-South-Bay-Distribution-Center-LA.jpeg\" alt=\"\" title=\"032112 - Prologis South Bay Distribution Center LA\" width=\"180\" height=\"88\" class=\"size-full wp-image-1004037673\" \/><\/a><p id=\"caption-attachment-1004037673\" class=\"wp-caption-text\">The Prologis South Bay Distribution Center<\/p><\/div><\/p>\n<p>With the signing of a 270,764-square-foot lease in Carson, Calif., Prologis Inc. has now fully leased the Prologis South Bay Distribution Center to 3PL Global L.L.C., a  third-party logistics provider. The building, which is LEED Silver certified, is located near the Ports of Los Angeles and Long Beach.<\/p>\n<p>&#8220;The Ports of Los Angeles and Long Beach are the two busiest in the entire country and with (Los Angeles International Airport) so close, this South Bay location is in high demand, particularly by customers seeking rarely available large, high quality facilities such as this one,&#8221; Kim Snyder, president of Prologis\u2019 Southwest region, said.<\/p>\n<p>The L.A. industrial market is expected to remain somewhat flat for the year, according to a fourth-quarter 2011 report by services firm Cushman &amp; Wakefield Inc. \u201cAlthough net absorption was positive in 2011, there was a slight slowdown in market activity,\u201d the report noted. However, even with the slowing, the Greater Los Angeles industrial sector is still leading the nation in leasing volume, driven in large part by the \u201cdiverse economic drivers contributing to local demand for industrial space.\u201d<\/p>\n<p>3PL Global offers warehousing, distribution and logistics services. The company, formerly known as Terry Bowman Group of Logistics, is headquartered in Irvine, Calif., but plans to move its headquarters to the new state-of-the-art Prologis building.<\/p>\n<p>According to Real Capital Analytics, investment activity in the L.A. industrial sector continued to gain momentum through 2011. Volume increased by 41.2 percent from their 2010 totals, reaching $1.6 billion in 2011. With so few quality products coming online, investors are bidding more aggressively for prime assets. Consequently, the region\u2019s average sale price climbed to $100.15 per square foot last year, a significant increase from the $71.15 recorded in 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the signing of a 270,764-square-foot lease in Carson, Calif., Prologis has now fully leased the Prologis South Bay Distribution Center to 3PL Global L.L.C., a  third-party logistics provider. The building, which is LEED Silver certified, is located near the Ports of Los Angeles and Long Beach.<\/p>\n","protected":false},"author":1201,"featured_media":1004037150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,15],"tags":[],"class_list":["post-1004039861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prologis Signs 270 KSF Industrial Lease in L.A. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prologis-signs-270-ksf-industrial-lease-in-l-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prologis Signs 270 KSF Industrial Lease in L.A.\" \/>\n<meta property=\"og:description\" content=\"With the signing of a 270,764-square-foot lease in Carson, Calif., Prologis has now fully leased the Prologis South Bay Distribution Center to 3PL Global L.L.C., a third-party logistics provider. The building, which is LEED Silver certified, is located near the Ports of Los Angeles and Long Beach.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prologis-signs-270-ksf-industrial-lease-in-l-a\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-21T14:16:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T00:37:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/032112-Prologis-South-Bay-Distribution-Center-LA.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"180\" \/>\n\t<meta property=\"og:image:height\" content=\"88\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Prologis Signs 270 KSF Industrial Lease in L.A.\",\"datePublished\":\"2012-03-21T14:16:52+00:00\",\"dateModified\":\"2022-12-07T00:37:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/03\\\/032112-Prologis-South-Bay-Distribution-Center-LA.jpeg\",\"articleSection\":[\"Brokerage\",\"Industrial\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/prologis-signs-270-ksf-industrial-lease-in-l-a\\\/\",\"name\":\"Prologis Signs 270 KSF Industrial Lease in L.A. - 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