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7/01/19
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Rakuten Super Logistics (RSL) signed a five-year lease for a 60.8k sf industrial building in Anaheim. The building, located at 1365 S. Van Buren St, is part of a newly completed, Class A industrial development, Orange County Commerce Center. The project is comprised of four buildings totaling 232k sf and sits on 10 acres at the border of Anaheim and Placentia.
The three other buildings comprising Orange County Commerce Center are located at 711 and 721 S. Van Buren St in Placentia, and at 1367 S. Van Buren St in Anaheim. The project is owned by a joint venture between Panattoni Development Company Inc and a fund represented by Principal Real Estate Investors.
The building that RSL will occupy features 8.2k sf of two-story office space located at the southeast corner of the building, 30’ minimum warehouse clearance height, six dock-high doors, one grade-level door, emergency lighting at each main exit door, 83 parking stalls, a 132’ fully secured and gated truck court, and a four-ply, built-up roof with a 10-year manufacturer’s warranty.
Chris Migliori with DAUM Commercial Real Estate Services represented the lessor in the transaction. According to Migliori, the tenant—a leading eCommerce order fulfillment company—will utilize the property as a strategically located fulfillment center.
Orange County Commerce Center broke ground in mid-2018, with the development’s first lease having been signed before the end of last year. The tenant, a publicly traded commercial and residential roofing distributor, agreed to a 10-year lease for 69.9k sf, fully occupying one of the center’s buildings.
The four buildings at the project range in size from 47.8k sf to 69.9k sf. The project features state-of-the-art construction, with each building offering two stories of executive office space, 30’ minimum warehouse clearance, ESFR sprinkler systems, both dock-high and grade-level loading, and fully secured concrete truck courts. Additional modern components include an 800-amp expandable main switchgear with 2,000-amp UGPS, and 3.0 percent skylights. Warehouses at the development feature painted interior walls, white scrim foil, painted columns, and Z-Guards on all dock-high doors.
The new development is situated in close proximity to five major freeways (Interstate 5, State Routes 91, 57, 55 & 241 Toll Road) and the Anaheim Canyon Metrolink System. The location also provides direct access to the Ports of Los Angeles and Long Beach, which recorded their highest-ever container traffic in 2018 with a total of 17.55 million TEUs.
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