Lease agreements have been signed for four industrial properties in the Los Angeles South Bay area totaling 866,904 square feet, according to Lee & Associates, a commercial real estate brokerage.

The agreements were valued at $48.4 million.

Lee & Associates represented the lessees in all the transactions.

The first property, a 259,327-square-foot industrial building, leased for $20.5 million and is located at 19400 S. Western Ave. in Torrance, Calif. The lessee, Housewares International, an importer and marketer of houseware products, relocated its operations in Rancho Dominguez and Carson, and moved into this industrial facility on a 10-year lease.

The second property, a 198,094-square-foot industrial building, leased for more than $14 million and is located at 2131 Willow St. in Long Beach, Calif. The lessee, Nova Transportation, a public warehouser, exercised an option of extending its existing 11-year lease for four more years.

The third property, a 203,000-square-foot industrial building, leased for $7.4 million and is located at 1331 Torrance Blvd. in Torrance, Calif. The lessee, Salson West, a public warehouser based in New York, needed to expand its operations to the west coast.

The fourth property, a 206,483-square-foot industrial building, leased for $6.5 million and is located at 250 W. Manville St. in Compton Calif. The lessee, A-Z West, a public warehouser, relocated from its location in Rancho Dominguez to this facility, signing a five-year lease. The industrial building provides the company with room to expand and provides its customers with a more efficient operation.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×