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May 25, 2018
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SOUTHERN CALIFORNIA NEWS
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Three Recent Leases Total Over 100k sf of Space at SoCal Facilities Owned by BLT Enterprises

1/26/18

Three firms have inked leases for industrial facilities in SoCal owned by BLT Enterprises, in deals totaling over 106k sf of space. The buildings have been leased to three global companies with very specific requirements, according to Bernard Huberman, Founder and President of BLT Enterprises.

One of the new tenants is NN Inc, a global industrial manufacturing company that specializes in manufacturing high-precision metal and plastic components and assemblies. United Rentals Realty Inc leased an additional 16k sf in the area. And, in the third transaction, Enterprise Rent-a-Car, a top global vehicle rental company, has a building in Santa Monica.

9700 Toledo Way, Irvine
9700 Toledo Way, Irvine
In one of the transactions, NN Inc agreed to a 10-year, $8 mil lease for 77.3k sf ($0.86/sf/mo) of space at 9700 Toledo Way in Irvine. Since 1994, NN Inc has been publicly traded on the Nasdaq. Following a series of acquisitions of different like-minded companies, NN has become a leading manufacturer of high precision metal and plastic components and assemblies throughout the world.

Kevin Thomas of Lee & Associates represented NN Inc in the transaction. Gregg Haly and Tyler Haly of CBRE repped BLT Enterprises.

In another deal, United Rentals Realty Inc agreed to a seven-year, $3.6 mil lease for 16k sf of space and 3.03 acres of land area, also in Irvine. United Rentals Realty, Inc. is a subsidiary of the global, publicly traded United Rentals Inc. (URI), the largest equipment company in North America.

The property is located at 81 Shield in Irvine. Chris Armstrong of Fischer & Company and Scott Sanders of Colliers International represented United Rentals Realty, while Clyde Stauff of Colliers International repped BLT Enterprises.

And in the third transaction, Enterprise Rent-a-Car signed a 10-year, $2 mil lease for 13k sf of floor and land area at 2307 Lincoln Blvd in Santa Monica. While their lease consists of 1.6k sf in floor area, the company is also leasing 11.3k sf of land for its rental cars.

The new location will be centrally located in Downtown Santa Monica, less than 1.5 miles from 3rd Street Promenade and surrounded by various hotels and local amenities. Carol Taubman of Westgate Industrial Properties represented Enterprise Rent-a-Car in the lease. David Wilson and James Wilson of Lee and Associates repped BLT Enterprises.





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