7:30 AM
Newmark has announced it has leased an entire 111,260-square-foot frozen/refrigerated industrial facility in Commerce, CA on behalf of the ownership, Dedeaux Properties, LLC. The long-term lease is with Taylor Fresh Foods, a nearly 25-year-old Central California-based company with over 10,000 employees, and one of America’s favorite makers of salads and healthy, fresh foods.
Newmark Executive Managing Director John McMillan, Senior Managing Director Jeff Sanita and Associate Director Greg Stumm represented the landlord, Dedeaux Properties.
“Taylor Fresh Foods made a great choice,” said McMillan. “High quality refrigerated and food processing facilities in Los Angeles County are hard to come by. Plus, Dedeaux Properties has extensive knowledge of food-industry building specifications, which is rare amongst institutional landlords, and they designed a fantastic building for this use.”
Located at 4000 Noakes Street, the property was built in 2007, and includes nearly 45,000-sf of refrigerated production space, a freezer that is approximately 23,500-sf, more than 4,000-sf of refrigerated storage, 6,000-sf of refrigerated dock and just over 15,400-sf of office space. The asset is in a prime Central Los Angeles location near the 5, 10, 60, 101 and 710 freeways.
About Dedeaux Properties, LLC
Dedeaux Properties is an active third-generation Los Angeles-based industrial real estate investment, development, and asset management firm with a portfolio of over 6,500,000 square feet of assets, largely in Southern California, but including a strategic presence in Chicago. As one of the most active developers in Central Los Angeles, the firm has a project pipeline of approximately 1,500,000 square feet in various stages of development and entitlement, ranging from big-box distribution centers in the Inland Empire, cold storage facilities in Central Los Angeles, to trailer parking yards in South Bay Port centric marketplaces.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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