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Single Industrial User Absorbs Nearly 300,000-SF

SANTA FE SPRINGS, CA—A logistics company signs the major lease at a class-B warehouse space in the already tight Mid-Counties market, which has a 3.1% vacancy rate.

By Kelsi Maree Borland | Updated on March 06, 2015

SANTA FE SPRINGS, CA—O’Neill Logistics has signed a 288,000-square-foot lease at a class-B industrial facility in Santa Fe Springs, CA, a tight Mid-Counties industrial market with 3.1% vacancy rate. The logistics firm signed a five-year lease with the landlord, Westcore Properties.

The previous tenant had vacated the property, and the landlord tapped JLL to release the site. “We had great activity for the space,” Luke McDaniel, SVP at JLL, tells GlobeSt.com. “The market has tightened up dramatically, and at the activity continued into January and February. It was really important to the landlord that we fill this vacancy.” McDaniel represented the landlord in the transaction along with JLL SVP Cameron Driscoll and VP Zac Sakowski. CRESA represented the tenant.

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