Jerich USA Doubles Occupancy to 215,000 SF in South Los Angeles

CARSON, Calif. – April 19, 2018 – Jerich USA, a leading Austrian-based customized project-specific logistics company, has doubled its industrial footprint in South Los Angeles to approximately 214,850 square feet (sf). Located in the city of Carson, the company extended the occupancy of its main existing 107,322 sf warehouse building at 1113 E. 230th St. while also expanding into the adjacent 107,525 sf warehouse building at 1165 E. 230th St. The company recently took occupancy of its new expansion facility.

The pair of buildings, referred to as Jerich’s Los Angeles Terminal – West Coast Distribution Center, are part of the larger Watson Industrial Center South complex owned by Watson Land Company. Jeff Morgan of Cushman & Wakefield’s El Segundo (South Bay) office together with Dirk Hrobsky of the firm’s New York office represented the tenant in the transaction. Cushman & Wakefield exclusively represents Jerich in the U.S. and Europe.

Mr. Morgan, Executive Director and Certified Supply Chain Specialist, said, “Jerich had an immediate requirement to expand its Los Angeles terminal strategically positioned near the Ports of Los Angeles/Long Beach, and the neighboring building provided an ideal opportunity to accommodate the company’s services growth before it even became vacant—demand is very strong for these buildings. Jerich executed a long-term lease agreement for its new expansion facility while also extending the length of its existing lease to run coterminous.”

“Representing Jerich’s second warehouse in California, the expansion property now offers more flexibility and transloading options for the company’s customer base. It is also located in the heavy weight corridor to allow customers to transload from 26 mto payload containers into legal weight over the road trailers.”

Jerich USA is part of Austria-based Jerich International, a global group of companies that offers large-scale trade and industry customers a holistic logistics approach to freight forwarding through global supply chain management. The company operates several terminals strategically located near major ports across the U.S. For more visit https://www.jerich.com/.

According to Cushman & Wakefield, the extensive Carson/Compton/Rancho Dominguez industrial submarket ended the first quarter of 2018 with vacancy at a tight 1.7%. Carson housed the majority of the largest new lease transactions in the South Bay region during the first quarter, helping drive its own total submarket leasing activity to nearly 1.7 msf to open 2018.

 

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

2018-04-26T13:01:44+00:00 April 19th, 2018|0 Comments

Leave A Comment