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Four Tenants Sign for 971,000 SF of Industrial

IRVINE, CA-All four are warehouse and distribution deals, the largest a 380,000-square-foot lease by Nissan for a building it has occupied for 33 years.

By Bob Howard | Updated on August 13, 2009

IRVINE, CA-Four tenants have signed leases totaling nearly 971,000 square feet for warehouse and distribution space, the largest of them a 380,000-square-foot deal by Nissan for a building it has occupied for 33 years, according to locally based Sares-Regis Group. The tenants are all in buildings that Sares-Regis manages for institutional investors, with leasing director Mike Wood of the Sares-Regis commercial property services division representing the company in all four transactions.

In the Nissan deal, the car maker extended its lease in an early renewal for nine years for a building at 941 W. Artesia in Compton. The facility is a warehouse and distribution center for auto parts that the company sends throughout the western US. Nissan was represented by John Schumacher of the Torrance office of CB Richard Ellis. Terms of the deal were undisclosed.

In a lease for a 323,374-square-foot building at 2700 Imperial Highway in Lynwood, national third-party logistics firm Pacer extended its lease for five years. Pacer was represented by Steve Sprenger in the Anaheim office of Grubb & Ellis. Lease terms were undisclosed.

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