Press Release

1st Choice Delivery Leases Last Remaining Availability at Rexford-Owned San Fernando Business Center in San Fernando, Calif. -- CBRE

2020 2월 27

Los Angeles – CBRE announced a 25,202 square-foot industrial lease by 1st Choice Delivery, LLC at the San Fernando Business Center in San Fernando, Calif.

Bennett Robinson of CBRE represented the landlord, Rexford Industrial, in the lease transaction. The tenant, which is relocating from Santa Clarita, was represented by Paul Sims and Harry Krausman of Cushman & Wakefield.

Located at 635 8th Street, the property features dock high loading and 24' clear. The facility, which will enable the regional parcel courier trucking company to service the San Fernando Valley and Santa Clarita Valley, sits in proximity to the 210, 5, 405, & 118 freeways.

“This location is ideal for logistics companies as it is located in a great distribution area and amidst a great workforce,” said Robinson.

The Greater Los Angeles industrial sector has been marked by solid fundamentals of limited supply and strong demand, according to CBRE research. Tenants continue to lease space in the face of ever higher rental rates and increasing operating expenses, which has caused investment volumes in the sector to continue to expand.
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 2021 revenue). The company has more than 105,000 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. Please visit our website at www.cbre.com.