CARSON, CA-Watson Land Co. has leased a 219,097-square-foot industrial facility to Price Transfer Inc. This increases the third party logistics and US Customs provider’s presence within the Watson Industrial Center to meet the growing demand as activity in the Ports of Los Angeles and Long Beach recently reached its highest levels since 2006.
The five-year lease is valued at $6.8 million. “The growing port demand required us to scale up our operations within the South Bay market,” says Rick Lorenzen, president of Price Transfer. “This expansion will allow us to increase our market presence and our services to clients throughout the region.”
The property is located on 9.3 acres at 1130 E. 230th St. in Carson, CA within Watson Industrial Center, a master planned business center spanning 6.7 million square feet of industrial space. Watson Industrial Center is located in the heart of the South Bay market in close proximity to major Los Angeles freeways, the Ports of Los Angeles and Long Beach, Los Angeles International Airport and Long Beach Airport.
The property features a yard for container parking and 28 dock high truck positions with a crossdock configuration. “The building’s strategic location and generous yard space supports Price Transfer’s expansion efforts,” says Lance Ryan, vice president of marketing and leasing with Watson Land Co.
Jay Jasaitis of Los Angeles Real Estate Management represented Price Transfer in the transaction. Watson Land was represented in-house by Ryan and Mike Bodlovich.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
