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6/20/17
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Dovetail Furniture and Designs has inked a four-year, $2.8 mil expansion lease for an additional 39.4k sf of space in a Carson industrial building that will bring their total occupancy at the site to 90.6k sf. The new deal includes a renewal of their existing space over a portion of the lease term.
Dovetail Furniture and Designs specializes in an “eclectic range of handmade furniture, accessories and textiles from around the world.” The company, which uses the space for its Los Angeles area warehouse and logistics operations, expects to complete expansion of property, located at 16901 Keegan Ave, where it already occupies 51.2k sf, in November. Dovetail Furniture is headquartered nearby at 14000 S. Figueroa St, where it also maintains a showroom and primary warehouse activities.
The new space to be occupied by Dovetail Furniture features concrete tilt-up construction, 10 dock-high loading positions, 1.8k sf of office space, 22-foot clear height, and on-site parking for 85 cars.
Matt Stringfellow, SIOR, and Courtney Bell with The Klabin Co represented Dovetail Furniture in the lease transaction, and also dealt direct with the property owner, Alere. According to Stringfellow, the lease rate for Dovetail’s expansion represents a 35% increase over the current base rent they are paying on the portion of the building they currently occupy and renewed in mid-2015.
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