Watson Land Co. Gains 300,000 of Industrial Tenants

CARSON, CA- Watson Land Company has leased 300,000 sf of industrial space at two of its developments here, Watson Industrial Center and Dominguez Technology Center. The combined value of the three transactions is approximately $14 million.

In the largest of the three deals, Laufen International has signed a 65-month lease for an additional 119,077 sf at Dominguez Tech Center. The firm, a division of tile manufacturer Roca Tile Group, will use the additional space to expand its operations. Laufen now leases 268,000 sf at the center.

The expansion lease is valued at $6.4 million, which averages out to $0.827 per sf per month. Lance Ryan and Mike Bodlovich represented Watson Land Co. in the transaction. Barry Hill of CB Richard Ellis, who represented Laufen International, was not immediately available Monday morning for comment.