Cambro Manufacturing is consolidating its operations under one roof in Orange County, and it has signed a significant lease deal to accommodate the move. The firm inked a 433,865-square-foot lease transaction for building two at the Huntington Gateway, an industrial development in Huntington Beach. The lease transaction was valued at $65 million.

The company is not new to Huntington Beach. It has operated in the market for 70 years; however, it is now moving its City of Industry operations into Huntington Beach. Wes Hunnicutt, a senior managing director at Newmark, said the lease was a "smart move" for the firm because it will reduce transportation expenses and increase efficiency. Hunnicutt represented the tenant in the deal along with fellow senior managing director Matt Moore. Executive managing directors Jeff Read and Scott Read and managing director Greg Osborne represented the landlord in the deal, Sares Regis.

Building two is part of the second phase of the Huntington Gateway development, and it will deliver in the third quarter 2022. At 56 acres, phase two includes four other buildings ranging in size from 109,892 square feet to 233,706 square feet.