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11/11/21
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Products Engineering Corporation has leased 72.3k sf of space at Sunset Distribution Center in Brea. Terms of the deal were not disclosed.
The 101.3k sf industrial facility, located at 566 Vanguard Way, features 26-foot clear height, 10 dock-high positions, 3.5k sf of office space and one ground-level ramp. It is located in the Sunset Distribution Center with proximity to State Routes 57, 60 and 91.
CBRE’s Ben Seybold, Rick McGeagh and Sean Ward represented the landlord, Link Logistics Real Estate, in the transaction. Limited supply of industrial space in Orange County pushed the year-over-year vacancy rate lower by 60 basis points, while overall asking lease rates shot up about 26 percent to $1.30 per square foot, according to CBRE’s Q3 data.
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