CARSON, CA-Watson Land Co. has broken ground on a new 225,000-square-foot industrial building that it has pre-leased to international third party logistics firm OHL. The five-year lease is valued at more than $10 million.

The LEED-certified property will be constructed on approximately 12 acres of land at 2255 E. 220th St. in the master-planned Watson Corporate Center and is slated for completion in February 2012. It will feature 50 trailer storage spaces, a 135-foot and 185-foot truck turning radius with 100% concrete, a 32-foot ceiling clearance and abundant use of clerestory glass.

According to Lance Ryan, vice president of marketing and leasing with Watson Land, the sustained increase in traffic at the ports of Los Angeles and Long Beach has led to high demand for new class A industrial product within the supply-constrained South Bay market. The market trend continues to be a flight to quality and to larger buildings, he adds.