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5/13/22
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FDH Aerospace, a global aerospace distribution company, has inked a lease for 114.9k sf of space at Commerce Logistics Center in Commerce. The tenant will occupy the entirety of the building, located at 5200 Sheila St, near the intersection of Washington and Atlantic Boulevards.
Commerce Logistics Center is a brand-new, freestanding Class A industrial property delivered in 2022. Property features include private fenced and secured yard, 11k sf of two-story office space, 36-foot clear height, 17 dock-high doors with nine pit levelers, ESFR sprinkler system, 2,000 amps power and parking for 116 autos and 17 trailers.
The property sits in a central location just minutes from Interstate 710, providing direct access to over 14 million residents within a 50-mile radius. In addition, the property is just 20 miles from strategic logistics hubs including Los Angeles International Airport and the Ports of Los Angeles and Long Beach.
John McMillan, Jeff Sanita, Danny Williams and Greg Stumm with Newmark serve as the exclusive leasing agents for the property, representing the ownership, Link Logistics, in the transaction. Terms of the deal were not disclosed.
During the first quarter of 2022, five of the quarter’s top ten move-ins in the Los Angeles industrial market came from companies occupying newly delivered space that was leased prior to delivery, according to Newmark Research. Combined, these leases totaled 932.3k sf, or 67.2% of the quarter’s net absorption gain of 1.4 msf. New construction remains the primary vehicle to satisfy tenant demand in a market where vacancy is below 1.0%.
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