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12/15/22
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Republic Floor has signed a long-term lease for a 100k sf, freestanding warehouse/distribution facility in Montebello. The company’s new facility is located at 7227 Telegraph Rd, north of Slauson Ave with frontage along the east side of I-5.
Republic Floor, one of the fastest-growing flooring companies in the U.S., is consolidating multiple locations in the area in effort to establish a new North America headquarters located on the West Coast. They were repped in the deal by Tim Wallace with Cushman & Wakefield.
The property is owned by The O’Donnell Group, which was repped by Connor McRae, Scott Heaton and Chris Sheehan of Colliers International.
Wallace noted, “Today’s competitive industrial environment is largely due to the lack of modern buildings available, a low vacancy rate of just 1.1% for the area according to Cushman & Wakefield’s recent Q3-2022 market report, and the continued demand in certain sectors. Despite the uncertainty in today’s economy, lease rates have continued to climb for industrial property.”
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