California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease


