The space will be used for the distribution of automotive parts and company administration. Total consideration was $121,000.
The lessor, an affiliate of Westcore Industrial Properties, was Hathaway II. Both sides in the transaction represented themselves.
The lease is a renewal after two years elapsed on the first three-year lease One Stop Brake Supply of Santa Fe Springs signed for $108,000. The reason for the early renewal was not disclosed. Hathaway II Business Park was previously known as the Heritage Business Park.
Marc Brutten is the Chief Executive Officer of Westcore Industrial Properties, a fully integrated private real estate company formed in 2000 to acquire, redevelop and expand industrial, flex and R&D properties in the western United States. Westcore is headquarted in San Diego with a regional office in Los Angeles.
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