7227 Telegraph Street. Picture courtesy of Cushman & Wakefield
Republic Ground has signed a full-building lease at 7227 Telegraph Street, a 101,429-square-foot freestanding warehouse and distribution facility in Montebello, Calif. The property will function the flooring firm’s new North America headquarters.
Govt Director Tim Wallace of Cushman & Wakefield represented the tenant. The Colliers staff aiding the proprietor, The O’Donnell Group, included Vice President Connor McRae, alongside Senior Govt Vice Presidents Scott Heaton and Chris Sheehan.
Accomplished in 1973 and refurbished in 2019, the ability sits on 3.9 acres and options motion-censored LED lighting, 24-foot clear heights, 10 dock-high positions and a ground-level ramp. The Class B property presents 101 parking areas and consists of 5,133 sq. ft of workplace house.
The distribution facility is positioned at 7227 Telegraph Street, 11 miles from downtown Los Angeles and has entry to interstates 5 and 710. Corporations within the surrounding space embrace Supply Logistics, Sugar Meals Corp., Unified Grocers and FedEx, amongst others.
Wallace talked about in ready remarks that the situation represented a possibility because of its connectivity all through Larger Los Angeles, a aggressive space that lacks trendy services. In accordance with the most recent CommercialEdge report, Los Angeles’ industrial sector had a 2.1 p.c emptiness fee as of October, decrease than the nationwide fee of 4.0 p.c. Moreover, the metro’s common industrial lease registered a 9.7 p.c improve year-over-year.
