{"id":1004270570,"date":"2018-10-10T03:31:56","date_gmt":"2018-10-10T11:31:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004270570"},"modified":"2019-04-18T22:55:06","modified_gmt":"2019-04-19T06:55:06","slug":"port-logistics-group-inks-1-5m-ksf-lease-renewal-in-ca","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/port-logistics-group-inks-1-5m-ksf-lease-renewal-in-ca\/","title":{"rendered":"Port Logistics Group Inks 1.5M KSF Lease Renewal in CA"},"content":{"rendered":"<div id=\"attachment_1004270573\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004270573\" data-attachment-id=\"1004270573\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/port-logistics-group-inks-1-5m-ksf-lease-renewal-in-ca\/mayo-ave-108-288\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg\" data-orig-size=\"1581,1185\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Mayo Ave 108-288\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;108-288 Mayo Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg?w=1024\" class=\"wp-image-1004270573 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg 1581w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Mayo-Ave-108-288-e1539110482313.jpg?resize=1536,1151 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004270573\" class=\"wp-caption-text\">108-288 Mayo Ave.<\/p><\/div>\n<p>Savills Studley has completed three five-year lease extensions totaling 1.5 million square feet on behalf of Port Logistics Group, a provider of omnichannel logistics services. The lease renewals are all in warehouse and distribution space in the City of Industry, an industrial suburb of Los Angeles.<\/p>\n<p>At 108 S. Mayo Ave., the logistics firm\u2019s lease renewal comprised of 775,000 square feet of warehouse and distribution space, with an additional 700,000 square feet completely leasing up two buildings at 18175 and 18215 Rowland St. in the City of Industry.<\/p>\n<p><em>\u201cOur real estate partners provided the excellent insight, comprehensive analysis and flawless execution needed to make this happen, and we are very appreciative of their work on our behalf,\u201d <\/em>Port Logistics Group CEO Jeffrey Wolpov said in prepared remarks.<\/p>\n<p>John Simons, a partner with NAI Partners in Houston, along with Orange County-based Savills Studley Senior Managing Director Jeff Cannon, Corporate Managing Director Andrew Morrow and Assistant Director Joe Jones represented Port Logistics Group. In-house brokers Kent Valley and Terry Baker represented the owner, Majestic Realty Co., while&nbsp;Mike McCrary of JLL negotiated the deal on behalf of Gateway Industrial Properties, a Blackstone portfolio company.<\/p>\n<p>The industrial sector is at <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-at-full-throttle-for-now\/\">full throttle at the moment<\/a>, buoyed by the growth of online retail and international trade. Last week, Rockefeller Group <a href=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-completes-2-msf-of-industrial-in-ca\/\">announced it had completed construction<\/a> of two industrial projects with nearly 1.9 million square feet in the Inland Empire.<\/p>\n<p><em>Image courtesy of Savills Studley<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAI Partners and Savills Studley represented the logistics firm in its five-year lease extensions in an industrial hub near Los Angeles.<\/p>\n","protected":false},"author":745,"featured_media":1004270573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,34027,1594,21742,15],"tags":[42392,37733,42389,32775],"class_list":["post-1004270570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-inland-empire","category-los-angeles","category-latest","category-west","tag-jeffrey-wolpov","tag-majestic-realty","tag-port-logistics-group","tag-savills-studley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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