Daum Commercial Completes 60,809-SF industrial Lease of Newly-Constructed Building in Anaheim, CA

 

Chris Migliori

ANAHEIM, CA and PLACENTIA, CA – DAUM Commercial Real Estate Services has completed a five-year lease of a 60,809 square-foot industrial building in Anaheim, California to Rakuten Super Logistics (RSL) on behalf of the lessor, a joint venture formed by Panattoni Development Company, Inc., and a fund represented by Principal Real Estate Investors.

The property is part of a newly complete Class A industrial development, Orange County Commerce Center. The project is comprised of four buildings totaling 232,000 square feet and is located on 10 acres on the border of Anaheim and Placentia, California.

According to DAUM’s Chris Migliori, who represented the lessor in the transaction, the new tenant—a leading eCommerce order fulfillment company—will utilize the property as a strategically located fulfillment center.

Jacob LeBlanc

“Our ability to secure a tenant of this caliber speaks to the quality of the Orange County Commerce Center’s facilities and modern industrial amenities,” says Migliori, who notes that RSL is a subsidiary of Rakuten, Inc., a Forbes Global 2000 firm that was recognized as one of the world’s Top Regarded Companies in 2018.

According to Jacob LeBlanc, Partner at Panattoni: “Orange County Commerce Center’s best-in-class features and convenient location, providing direct access to several major freeways and the ports, will complement RSL’s exceptional fulfillment services.

It has been an absolute pleasure working with the new tenant and the DAUM team to negotiate a rewarding lease transaction for all parties.”

Paul Gingrich

This is the second building of the Orange County Commerce Center to be leased and the transaction was finalized shortly after the completion of the development’s construction, notes LeBlanc.

The development broke ground in mid-2018, and Migliori and Paul Gingrich, both Executive Vice Presidents in DAUM’s Orange County office, successfully executed the development’s first lease before the end of last year.

The tenant, a publicly traded commercial and residential roofing distributor, signed a 10-year lease for 69,882 square feet, fully occupying one of the center’s buildings.

CONTACTS:

Micaela Fehrenbach / Elisabeth Manville

Brower Group

(949) 438-6262

mfehrenbach@brower-group.com

www.panattoni.com.

www.daumcommercial.com.

orangecountycommercecenter.com.