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PIUMA PROPERTIES INKS $15.3 MILLION INDUSTRIAL LEASE

CERRITOS, CALIF. — Piuma Properties has leased 605 Cerritos Distribution Center in Cerritos for $15.3 million. United Kingdom-based Bunzl leased the 178,454-square-foot industrial property, which is located at 15959 Piuma. Bunzl plans to house its distribution and storage operation of paper, plastic and containerized consumer projects in the facility. The building features concrete tilt-up construction, high-image architecture, 28 dock-high doors and a 32-foot minimum clear height. Clyde Stauff, David Prior and Todd Taugner of The Klabin Company represented the lessor, Piuma Properties, in the transaction; Mark Sonnenberg of Colliers International, along with Tom Cronin and Jed Zaun of Lee & Associates, represented Bunzl.

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