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9/28/16
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In one of the five largest industrial leases in LA County so far this year, United Parcel Service (UPS) has signed a 10-year deal for 521.8k sf of space at The Brickyard in Compton. The transaction value was not immediately disclosed.
Clarion Partners LLC and Trammell Crow transformed the 58-acre site, a former brick manufacturing facility, into a state-of-the art industrial facility. The project caters to the ever-increasing need for same-day logistics through its proximity to the second-largest population center in the U.S.
The site is just south of downtown L.A., east of Los Angeles International Airport and north of the nation’s two biggest ports. Due to its unique position of being almost exactly the geographical center of Los Angeles County, Compton is commonly referred to as the “Hub City.”
“The Brickyard’s design and the quality of product is something you’d typically find in the Inland Empire but instead we placed it in the middle of infill Los Angeles,” said Bret Quinlan, Executive Vice President and Co-Leader of the CBRE Ports & Integrated Logistics Practice and leasing agent for the project. “The response to this quality space and proximity to the large population base has been very strong.”
Mike Fowler and Tim O'Rourke of JLL represented UPS in the deal. Ray Friedman of Elkins Kalt provided legal counsel for Clarion Partners.
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