LONG BEACH-Primex Agriculture Services has signed a lease for a 104,737-square-foot space at California State University, Long Beach Technology Park, GlobeSt.com reports in this exclusive story. The company signed a 5-year lease for the space located at 2200-2250 Technology Place in Long Beach.

“Our facility being located in the Heavy Weight Corridor and its close proximity to the Ports were the drivers for Primex to lease our property,” says Gregory Gill, SIOR, CCIM with Lee & Associates, who represented the landlord in the transaction along with Lee & Associates' Garrett Massaro and Brandon Carrillo. “Receiving multiple offers, seeing improving market conditions and limited supply of large class-A buildings in the Heavy Weight Corridor, Watt Companies and CSULB were pleased with the work of Lee & Associates in locating a new tenant after the void left by DAMCO.”

As Gill mentioned, DAMCO Distribution formerly occupied the space, and vacated earlier this year. The class-A property is attractive both because of building amenities and the Heavy Weight Corridor location near the Port of Long Beach and Los Angeles. Primex Agriculture Services will be using the ports to export alfalfa products to China and Asia Pacific countries. Jones Lang LaSalle's Zac Sakowski and Barry Hill represented the tenant.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.