99-Cent Store Signs Largest Lease Ever

LOS ANGELES—99-Cent Only Stores has signed the year’s largest infill industrial lease in Los Angeles County. The discount retailer signed a lease with KTR Capital Partners for a 615,000-square-foot space at Garfield Corporate Center. 99-Cent Only will use the facility as its corporate headquarters. Located at 6100 Garfield Avenue in Commerce, the facility sits on 27.5 acres.

The  facility is still under construction with completion planned for the second quarter 2014. Once complete, it will be the largest freestanding industrial development in the Los Angeles market. The property is ripe with class-A amenities including an ESFR sprinkler system and cross-dock configuration. It has 185-foot plus truck court and a 36-foot clearance height with 109 dock high loading positions. Additionally, the site comes with 430 parking stalls for employees. 99-Cent Only plans to use the facility as a distribution center to work with the other warehouse facilities it has in Commerce.