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California  + Los Angeles  + Industrial  | 

Industrial Property Trust Inks Expansion, Relocation Deal with Supply Chain Firm

A recently-renovated 104,339-square-foot industrial building in Rancho Dominguez, CA has been leased to Apex International. The global supply chain solutions provider is relocating and expanding from a nearby 34,500-square-foot facility into Industrial Property Trust’s (IPT) building at 18554 South Susana Rd.

Realty Advisors’ Frank Shen represented the tenant in the deal valued at $10.5 million. DAUM Commercial Real Estate Services’ Michael Collins and Jordan Lara advised the landlord.

DAUM directed the $12-million acquisition of the property to IPT in January 2017. The asset is currently valued near $20 million, according to Collins, who says, “With this lease, the tenant has the opportunity to occupy a modernized industrial building in close proximity to the Ports of Los Angeles and Long Beach.”

The recent renovations to the building included demolition of a portion of the building to expand the truck court, addition of dock-high loading doors, and the construction of 10,000 square-feet of new two-story office space.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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