The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 27, 2021
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Oadeer Home and EXPO Convention Contractors Take 93k sf of OC Industrial Space

7/01/21

Oadeer Home and EXPO Convention Contractors leased 93.4k sf of industrial space at a newly built industrial center in the north OC city of Placentia. The new Class A, free-standing project located at 718 and 719 Lakeview Loop Way, features a fenced and secured yard area, 32' minimum warehouse clearance, and abundant loading.

Oadeer, a home furnishing wholesaler previously based in Chino, signed a seven-year lease for 54.8k sf space, while EXPO Convention Contractors, a Florida-based specialty tradeshow contractor, committed to 38.6k sf, also for seven years. Oadeer Home will use the new space as their Southern California headquarters, while EXPO Convention Contractors plans to utilize the space as their new warehouse location.

CBREs Sean Ward and Ben Seybold represented the local private landlord. According to Ward, there were multiple offers on the property and they signed both leases at completion of construction at record-high lease comps.

Pricing for industrial property in Orange County has surged over the last year, according to CBREs Q1 research. The average asking lease rate increased 4.7% since Q4 2020 to $1.12 per square foot, reaching a record high.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media