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California  + Orange County  + Industrial  | 
Huntington Gateway

Cambro Manufacturing Will Occupy Building 2 at Huntington Gateway

Updated industrial space in Orange County is scarce and desirable, which often leads to bidding wars among prospective tenants. In most cases, contract rents are being determined on a deal-by-day basis, according to Newmark’s latest quarterly research report. E-commerce sales growth, government stimulus to consumers and global supply chain disruptions are all contributing factors.

Some of that desirable space was recently leased, specifically 433,865 square feet was recently inked at new industrial project, Huntington Gateway. Cambro Manufacturing will occupy Building 2, which will be delivered in third quarter 2022. The total lease consideration was in excess of $65 million.

Newmark’s Wes Hunnicutt and Matt Moore represented the tenant in the transaction. Cambro, which has operated in the city of Huntington Beach for 70 years, currently has two existing manufacturing buildings in Huntington Beach and is consolidating its warehouse operations from the City of Industry to Huntington Gateway.  

“This is a smart move for Cambro. Huntington Gateway is a one-of-a-kind project in Orange County and a perfect fit for Cambro and its growth plans,” said Hunnicutt. “This will ultimately save significant dollars on interfacility transport costs and the building features will allow for maximum efficiency.”

The new Cambro building will be within Phase II of Huntington Gateway, developed by Newport Beach-based Sares Regis Group. Phase II, consisting of 56 total acres, includes four additional buildings ranging from 109,892 square feet to 233,706 square feet to be completed in late 2022.

Jeff Read, Scott Read and Greg Osborne of Newmark are the listing agents on the project and represented Sares Regis in the lease transaction.

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Wes Hunnicutt

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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