Los Angeles –– CBRE has arranged a full-building lease for Prologis Mid Counties Distribution Center, a 146,617-sq.-ft. industrial facility in Santa Fe Springs, to Weee! Inc., the leading Asian and Hispanic e-grocer in the U.S., based in Fremont, California. Weee! is expanding from their existing cold storage facility in La Mirada and will occupy the building in May of 2023.
CBRE’s Ben Seybold and Rick McGeagh represented Prologis, the global leader in logistics real estate, in lease negotiations.
Located at 13215 Cambridge Street, the two-story facility was built in 2021 and features 11,098-sq.-ft. of combined office space on the first and second floors, 32’ clear heights, 32 dock-high doors, an ESFR sprinkler system, and heavy power. The property sits on over seven acres and includes 193 car parking spaces and eight trailer parking stalls.
“Prologis’ Mid Counties Distribution Center offers unparalleled features and is strategically located to serve the entire metro area,” said CBRE’s Seybold.
“The facility’s proximity to the Port of Los Angeles and Long Beach and being surrounded by approximately 70 million consumers in a 60-mile radius, makes it an ideal location for e-commerce companies,” said CBRE’s McGeagh. “This premier industrial building is a testament to Prologis’ commitment to providing exceptional, modern facilities in prime locations.”
Situated in the Mid-Counties submarket south of Imperial Hwy. off Carmenita Rd., the property enables tenants to distribute product throughout Los Angeles and is surrounded by a strong local workforce. It is five minutes east of Interstate 5 and less than 15 minutes from the 605 and Interstate 5 interchange.
The Greater Los Angeles industrial market remained near fully occupied in the fourth quarter of 2022, with vacancy remaining below 1% for the previous five consecutive quarters, according to CBRE Research. During that time, Mid-Counties reported the lowest vacancy rate of 0.5% due to sustained low inventory.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
