Newly Built Industrial Asset in Santa Fe Springs Signs First Major Tenant

A recently built Santa Fe Springs industrial asset completed a major long-term lease worth approximately $20 million. Gelson’s Markets recently inked an agreement for more of the available space at the Freeway Springs Logistics Center. The company will also take up a large component of the property’s available office space, where it will be relocating a large part of its staff. The transaction was arranged by two teams of Colliers representatives, rentv.com writes, with owner Freeway Springs LLC, a Golden Springs Development Co.

A newly built Santa Fe Springs industrial asset completed a major long-term lease worth approximately $20 million. Gelson’s Markets recently inked an agreement for more of the available space at the Freeway Springs Logistics Center. The company will also take up a large component of the property’s available office space, where it will be relocating a large part of its staff. The transaction was arranged by two teams of Colliers representatives, rentv.com writes, with owner Freeway Springs LLC, a Golden Springs Development Co.

The industrial property has received LEED Silver certification from the United States Green Building Council. The current owner of the property was also the developer, with Golden Springs Development currently owning a class A industrial portfolio of around 5.5 million square feet.

Gelson’s will be taking over 248,300 square feet of industrial space, as well as 30,000 square feet of office space at Freeway Springs Logistics Center. The asset is located a 13833 Freeway Dr., near the I-5 in Santa Fe Springs, in a spot that offers tenants a great opportunity to access transit routes such as the San Gabriel River Freeway, the Riverside Freeway and the Century Freeway. The 463,000-square-foot facility is a concrete, tilt-up industrial building that features dock-high and ground level loading, 36-foot minimum ceiling clearances, a 180-foot concrete truck court, ESFR fire sprinkler system, a fenced and secured truck yard, more than 260 parking spaces, 94 trailer stalls and ample skylights.

Image courtesy of goldenspringsbc.com