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Santa Fe Springs lease.


Fuji Food Products Inc., a Japanese company that makes sushi that is sold in stores throughout the country, has signed a 10-year lease for a 91,189-square-foot industrial building in Santa Fe Springs.

Fuji Food's $10.75 million lease deal with Metropolis Partners Inc., the property owner at 14420 Bloomfield Ave., closed in late June.

The deal breaks down to about 98 cents per square foot per month. The space was formerly owned by Japanese company Tengu Co. Inc., which makes beef jerky.

"Because it is a specialized building with refrigeration and has equipment for food processing, those rates are a little higher than normal warehouse space," said Jonathan Larsen of Transwestern.

Metropolis bought the building, which sits on 4.4 acres, in May 2007 for $12 million.

"It is just a home run for Metropolis Partners and it is a great deal for Fuji Foods," said Larsen, who represented Metropolis in the deal.

Eric Moore of Transwestem also represented the landlord. Fuji Food was represented by Michael Hefner of Voit Commercial Brokerage.

Staff reporter Daniel Miller can be reached at dmiller@labusinessjournal.com, or (323) 549-5225, ext. 263.

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Title Annotation:REAL ESTATE
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Date:Jul 16, 2007
Words:189
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