Klabin Aids Xchange Logistics with Industrial  Lease in Compton

The last mile – a grail of sorts for e-commerce distribution and industrial commercial real estate. Rexford Industrial Realty owns the last-mile warehouse distribution facility in Compton, Calif., and they have a new tenant in Xchange Logistics Corporation.

Xchange is a global freight-forwarding company that is expanding its Los Angeles footprint with the lease of this 98,259-square-foot space at 15650 Avalon Blvd. The building is slated for refurbishment. It also sits in proximity to the 110, 405, 105 and 91 freeways.

The Klabin Company/CORFAC International finalized the long-term lease on behalf of Rexford Industrial. 

The Klabin Company’s Matt Stringfellow, SIOR, Tyler Rollema and Courtney Bell, in partnership with Mike Meraz of Magnum Properties, represented Rexford Industrial in the 61-month lease transaction valued at more than $15.4 million. Xchange Logistics was represented by Andrew Lara of Daum Commercial. 

“This project is nearing completion and amounts to a complete repositioning of a heavy manufacturing building into a Class A, low coverage warehouse distribution facility which perfectly meets what the market desires today,” said Stringfellow. “Not surprisingly, there was tons of interest and activity, and Xchange aggressively pursued the site and preleased it months before completion.”