Deluxe Media Leases 229,000 SF for Logistics

VALENCIA, CA-Deluxe Media Management has leased a 229,450-square-foot industrial building at Vista Business Park in Valencia here from Multi-Employer Property Trust in what is believed to be the largest industrial building lease in the Santa Clarita/San Fernando Valley area this year. The company, which is a subsidiary of Deluxe Entertainment Services Group Inc., will use the space to expand its fulfillment operations that provide third-party logistics services to the Hollywood entertainment and consumer products industries.

Rob Fuelling, a senior vice president at Los Angeles-based IDS Real Estate Group, along with Nigel Stout of Jones Lang LaSalle, represented Multi-Employer Property Trust, a $5 billion core real estate equity fund. Craig Peters of CB Richard Ellis represented the tenant in the lease, financial terms of which were not disclosed.