MEI Industrial Solutions Renews Lease For 248,105 Square Feet At 14555 Alondra Boulevard In La Mirada

This transaction involves a 248,105-square-foot industrial building located at 14555 Alondra Boulevard in La Mirada, California. The lease renewal is valued at $21 million and spans a period of five years. The landlord of the facility is Brookfield Properties, which indicates sustained interest in specialized industrial assets within the Southern California market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21 million
• Address: 14555 Alondra Boulevard
• Market: La Mirada
• Landlord: Brookfield Properties
• Tenant: MEI Industrial Solutions
• Landlord's Representative: Chuck Wilson - Colliers
• Tenant's Representative: David Cartwright - Armour Realty

Key representatives in this transaction include Chuck Wilson from Colliers, who represented the landlord, and David Cartwright from Armour Realty, who represented the tenant. This lease renewal highlights the ongoing demand for large industrial spaces, even amidst rising vacancy rates in the region.