COMMERCE, CALIF. — 99 Cents Only Stores has leased a 615,000-square-foot industrial building in the Los Angeles submarket of Commerce. The building is situated on 27.5 acres at 6100 Garfield Ave. within the Garfield Corporate Center.
This is the largest industrial lease in Los Angeles County so far this year, according to CBRE, which represented 99 Cents. The transaction was also the largest industrial infill lease ever signed in Los Angeles County, according to JLL, which represented the landlord, KTR Capital Partners.
Once completed in the second quarter of this year, the Garfield Corporate Centerwill be the largest new free-standing industrial development in the Central Los Angeles market. It will serve as the company’s new corporate headquarters.
99 Cents Only was represented by CBRE’s John Privett, Cameron Merrill and Richard Rizika. KTR was represented by JLL's Barry Hill, Paul Sablock, Tim O'Rourke, Mike Fowler and Zac Sakowski.