The property stands at 5533 Brooks St. It will be occupied by St. Louis-based Carboline Co., which will use the facility for its West Coast manufacturing and distribution operations.
The 10-year lease is valued at $1.5 million. Steve Sprenger and Kevin Frejlach of Grubb & Ellis Co. represented Carboline in the transaction. Kevin McKenna and Rubin Goodsell of Colliers Seeley International acted for building owner, LA-based private partnership Chase Montclair Partners LLC.
Though the Montclair submarket is relatively small, the area is seeing steady activity from small- and mid-size industrial and office users. CB Richard Ellis reports that the industrial vacancy factor in the San Gabriel Valley, which includes Montclair for the brokerage firm's research purposes, has dropped to 6.1% today from 7.4% at midyear.
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