D&L Studio Transportation Inc. has inked a 10-year lease to occupy the parcel. The deal is valued at $3.3 million.
The tenant was represented by Darrin Nickerson of Investment Development Services Inc. Michael Hooker of Delphi Business Properties represented the landlord, Lake View Terrace-based Woods-Hayden Partnership.
The deal follows on the heels of another industrial lease, as Baxter Healthcare recently inked a deal for 60,000 sf of industrial and R&D space in Thousand Oaks. According to the terms of the 10-year deal, Baxter will occupy space inside the Conejo Spectrum Business Park, at 1445 Lawrence Dr. The deal is valued at more than $5.5 million, as reported last week by Globest.com.
The county's industrial market remains tight, as the demand for space remains high among industrial users. The lack of available lots continues to keep supply limited, as demand continues to outpace supply.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
