Industrial strength. (Real Estate).Demand for newly constructed Torrance industrial buildings remains strong. Over the last three months, Los Angeles-based Investment Development Services has signed three leases totaling 186,000 square feet at its newly built Hamilton/Vermont Distribution Center in Torrance. The deals, which totaled $10.2 million, completed the lease-up of the two-building, 231,000-square-foot complex, which was completed during the third quarter of last year. Panalpina Airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air , Jardine Logistics and UPS-affiliate Fritz fritz n. Informal A condition in which something does not work properly: Our television is on the fritz. [Perhaps from German Fritz Companies took spaces of 81,500, 42,000 and 62,000 square feet, respectively. Panalpina and Jardine signed seven-year deals while Fritz's lease was for five years. The lease deals illustrate how Torrance's newly-built industrial structures, which are designed with wider docking space and larger truck yards than older buildings, are drawing more logistics companies, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Schumacher, senior vice president at CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. . "The closest market that provides new construction to LAX is Torrance," said Schumacher, who represented Investment Development Services on all three deals. "For the South Bay industrial market, one of the few consistent parts of our market was airport users moving out of the immediate area to state-of-the art facilities." In December, GeoLogistics leased 177,000 square feet at ProLogis Park at 19600 Van Ness Van Ness may refer to: People
ABX Airborne Express ABX Abstracting ABX Albury, New South Wales, Australia - Albury (Airport Code) ABX Automatic Branch Exchange ABx Non-Antibiotics ABX Asset Backed Securities Index ABX Acoustic Bass Extension Logistics' 42,000 square-foot lease and AirPlus Logistics 26,000-square-foot deal. |
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