Clyde Stauff, senior vice president in Colliers International's Orange County office, reports that Bunzl will house its distribution and storage operation of paper, plastic and containerized consumer products in the 605 Cerritos project, which is at 15959 Piuma Ave. Stauff notes that the 605 Cerritos Distribution Center was one of the only new buildings over 100,000 sf constructed in the Mid-Counties area of Los Angeles within the last 18 months.

Given the property's size and its location, Colliers International received "significant interest from multiple business sectors across the globe," Stauff says. He notes that Bunzl is a fast-growing firm that was attracted to the new distribution center's proximity to Los Angeles International Airport and the ports of Los Angeles and Long Beach.

Located directly off of the 605 and 91 freeways, the property was completed in February. Industry sources says that the Bunzl lease will likely be the largest of the second quarter in the Mid-Counties market, where vacancy registers less than 2%.