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5/01/23
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Weee! Inc, the leading Asian and Hispanic e-grocer in the U.S., inked a lease for Prologis Mid Counties Distribution Center, a 146.6k sf industrial facility in Santa Fe Springs. Weee! is expanding from their existing cold storage facility in La Mirada and will occupy the building in May of 2023.
Located at 13215 Cambridge St, the two-story facility was built in 2021 and features 11.1k sf of combined office space on the first and second floors, 32’ clear heights, 32 dock-high doors, an ESFR sprinkler system, and heavy power. The property sits on over seven acres and includes 193 car parking spaces and eight trailer parking stalls.
Situated in the Mid-Counties submarket south of Imperial Hwy off Carmenita Rd, the property enables tenants to distribute product throughout Los Angeles and is surrounded by a strong local workforce. It is five minutes east of Interstate 5 and less than 15 minutes from the 605 and Interstate 5 interchange.
CBRE’s Ben Seybold and Rick McGeagh represented the property owner, Prologis, in lease negotiations. Terms of the deal were not disclosed.
The Greater Los Angeles industrial market remained near fully occupied in the fourth quarter of 2022, with vacancy remaining below 1% for the previous five consecutive quarters, according to CBRE Research. During that time, Mid-Counties reported the lowest vacancy rate of 0.5% due to sustained low inventory.
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