Logistics Firm AZ West Inks 300,000-SF Lease

CARSON, CA-AZ West, the western arm of New Jersey-based third party logistics firm AZ Container Freight Station, has signed a six-year lease with Watson Land Co. for a 300,000-square-foot industrial property at Watson Land Co.’s Watson Corporate Center. The transaction is among the largest single-building industrial leases in the South Bay submarket in 2011 in terms of square footage, according to Watson Land.

AZ West’s new space is at 2220 E. Carson St. in the 113-acre, master-planned Watson Corporate Center and is valued at approximately $12.5 million. The company is a port logistics specialist handling bonded and non-bonded distribution, and the facility will accommodate the expansion of its growing business, according to a Watson announcement regarding the lease. Watson noted that the move doubles AZ’s warehouse space in the Port of Los Angeles/Long Beach Area to over 500,000 square feet in two South Bay buildings.