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March 21, 2023
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Pilot Air Freight Leases 48k sf of Industrial Space in Compton


Pilot Air Freight LLC recently inked a 62.5-month lease worth $7 mil for 48k sf ($2.33/sf/mo) of industrial space in Compton. The deal is within a 96k sf facility owned by IDI Logistics at 1700 Walnut Pkwy, north of the 91 Fwy on the west side of Central Ave.

The concrete tilt-up building is conveniently located close to major airports, the ports of Los Angeles and rail service. The industrial facility features 14 dock-high positions, one ground-level door, 23’ warehouse clearance and almost 5k sf of offices.

Frank J.H. Schulz III, SIOR, Nick Buss and Todd N. Taugner, SIOR, with The Klabin Company represented IDI Logistics in the deal. John Gorczyca of JLL repped Pilot, A Maersk Company—the full-service global transportation and logistics provider with operations around the world.

“This lease transaction reflects the continued growth of the 3PL sector,” said Schulz. “As more companies look to outsource their distribution due to a variety of economic factors, best-in-class industrial owners such as IDI Logistics are well positioned to take advantage of rent growth while attracting top 3PL providers.”

IDI Logistics is a leading investor and developer of logistics real estate with a 33-year track record of delivering more than 200 msf of innovative warehousing, distribution and manufacturing facilities.

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