BUENA PARK, CA—Manhattan Beachwear has signed a new, 191,000-square-foot lease at 6300 Valley View St. here with an undisclosed owner. The long-term lease consolidates three existing locations into one for the women's swimwear manufacturer, which is reexamining its processes to become more efficient in its distribution capabilities.
David Trinkle, the manufacturer's SVP and CFO, says it is consolidating the three locations into approximately the same square footage all in one new location. “We are also changing how we utilize the space, moving from a 'garments on hanger' storage method to 'flat-pack' storage in racks and adding conveyors, pick module, sorters and 'put-to-wall' technology to store and pick our products more efficiently.”
Rooney Daschbach and Eric Daschbach of Cushman & Wakefield's L.A. South/Long Beach office represented Manhattan Beachwear in the lease transaction, teaming with the firm's Orange County-based Richard Ellison and Randy Ellison on behalf of the owner. According to Rooney Daschbach, the search for an appropriate site for the tenant “focused on a 15-mile radius of the company's current distribution facilities. Manhattan Beachwear has continued to grow—this facility met their requirements, and it was close to their headquarters in Cypress. The building will also have a new ESFR fire sprinkler system and 9,000 square feet of new offices built to Manhattan Beachwear's specs.”
The building, situated on 11.6 acres just off the I-5 near its intersection with Rte. 91, was constructed in 1976 and is now fully occupied. Building features include 26- to 30-ft. clear ceiling heights and two secured yard areas, and it is currently undergoing an additional upgrade.
Daschbach says the space had been vacant for about seven months and drew considerable interest. “The market in general is the best it's been since pre-recession, with a number of large buildings leased in just the past 90 days. Vacancies have been dropping, and we expect to see them in the 4% to 4.5% range at the end of the current quarter.”
Buildings of this size are in high demand in Southern California. As GlobeSt.com reported last week, two industrial buildings are planned for development in Fontana. An affiliate of CT Realty has purchased 17.26 acres of land there for the purpose of constructing the buildings, which will total 358,410 square feet.
Watch for GlobeSt.com's upcoming interview with John C. Morris at Cushman & Wakefield discussing how manufacturers and distributors are changing their space utilization to streamline logistics.
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
Already have an account? Sign In Now
© 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.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
