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August 23, 2017
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Best Buy Leases Remaining 479k sf Space at Compton Distribution Development

4/18/17

Retail giant Best Buy Co Inc agreed to a 10-year lease for the remaining 479.3k sf of space at the Brickyard South Bay, a 1 msf, industrial project in Compton. The state-of-the-art complex is a development of Clarion Partners LLC and Trammell Crow Company.

Last September, United Parcel Service (UPS) inked a 10-year deal for 521.8k sf at the project. Both transactions rank among the top industrial leases ever signed in Los Angeles County based on total lease consideration.

For Best Buy, this new facility will supplement an existing distribution center in Chino, and help the company better serve its customers in Southern California. It will supply large products, including big-screen TVs and major appliances, to stores and for home delivery. The company plans to move in by late summer, in time for its peak holiday season. There will be approximately 60 employees at the site.

The project’s two Class A, LEED Gold-certified buildings are located at 1701 N. Central Ave and 1430 N. McKinley Ave, south of the 105 Fwy and east of the 110 Fwy. They feature a total of 199 dock doors and 77 auto parking spaces. The buildings’ 36-foot ceiling height provide as much as 20% more storage capacity when compared with conventional 32-foot-tall industrial buildings.

CBRE’s Bret Quinlan and John Schumacher are the leasing agents for the Brickyard. Steve Belliti of Colliers International represented Best Buy, and Ray Friedman, a partner at Elkins Kalt Weintraub Reuben Gartside LLP, represented Clarion Partners in this transaction. The transaction value was not disclosed.

Clarion 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.”






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