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2/04/16
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L&L Foods Inc agreed to a 10-year, $18 mil lease for two industrial buildings totaling 207k sf in Anaheim, in a deal that averages out to around $0.72/sf/mo. L&L Foods will be using the facilities for packaging, assembly, manufacturing and distribution.
The new lease is part of L&L Foods’ expansion. The provider of high-volume packaging solutions to the consumer food industry, owned by Illinois-based Peacock Foods, has been adding space consistently over the past seven years and its employee count has expanded to more than 300. This relocation will allow L&L to consolidate their operations and take advantage of the highest class improvements at the project.
The buildings are located at 1151 and 1153 N. Ocean Circle, north of the 91 Fwy and east of the 57 Fwy, within the new Anaheim Concourse project. Built by Panattoni Development, Anaheim Concourse is a 1.4 msf, state-of-the-art industrial development located in the highly sought after North Orange County submarket. It boasts a high concentration of amenities.
CBRE’s Brad Bierbaum and Steve Young represented L&L in the lease. The duo has repped the firm since it was started in 2008. Bierbaum, along with CBRE colleagues Ryan Peterson and Brian DeRevere, also represented Panattoni in the deal.
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