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11/10/15
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PODS Enterprises LLC, a leader in the moving and storage industry, has inked a lease for 90.3k sf of space in the San Fernando Valley. PODS’ new space is within a 202.9k sf facility at 7900 Nelson Rd, south of Roscoe Blvd and east of the 405 Fwy in Van Nuys.
The transaction brings the building, owned by Rexford Industrial Realty, to fully occupied. Rexford acquired what was then a vacant, single-tenant building in 2014 and has since renovated it into a two-tenant facility with functional upgrades and aesthetic enhancements.
The 7900 Nelson Road property features 28- to 30-foot clear heights and is conveniently situated between the 101 and I-405 freeways. The lease with PODS is for approximately eight years.
Previously, in July, Rexford Industrial executed a 10-year lease for 112.6k sf with PureTek, a prominent producer of pharmaceutical, nutritional and personal care products.
Jeff Puffer with Delphi Business Properties Inc represented Rexford Industrial in the deal. Alex Beacham with Cushman & Wakefield repped PODS in the lease transaction.
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