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$2M Lease Fills Building at Dominguez

RANCHO DOMINQUEZ, CA-NNR Aircargo Services has signed a five-year lease valued at $2 million for 55,788 sf of space, and the Santa Monica Seafood Co. has inked an eight-year lease for 60,700 sf at about $850,000 at the Dominguez Technology Center.

By Peter Landau | Updated on June 02, 2002

RANCHO DOMINQUEZ, CA-NNR Aircargo Service (USA) Inc. has leased 55,788 sf from Watson Land Co., a developer of master planned industrial centers in Los Angeles County. The space is at the 483-acre Dominguez Technology Center. The lease is for five years. The value of the deal has been placed at $2 million.

The NNR Aircargo location, at 18531 Broadwick St. in Rancho Dominguez, is one of Watson Land Co.’s “Legacy Buildings,” a new generation of flex building with fiber optic availability and energy-saving features designed to work equally well for office, technology or industrial uses. The master planned center offers a 3% skylight ratio for increased energy efficiency, according to a representative of real estate operations for Watson Land Co.

Legacy Building(SM) 657 is now 100% leased to NNR Aircargo and Santa Monica Seafood. NNR Aircargo (USA), Inc. is an international logistics service provider. The Santa Monica Seafood Co. has signed an eight-year lease for 60,700 sf also in Legacy Building (SM) 657 at a transaction value of $850,000. The company previously operated two distribution centers in Santa Monica and Orange County. Calls by GlobeSt.com to secure the financial terms of the transaction were not returned.

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