facebook
Traded Co logo
Submit a Deal
20559 Prairie Street
LEASED

Machina Labs Leases 60,300 SF Chatsworth Warehouse Enabling Production Increase

20559 Prairie Street

Industrial
60,300 SF
clock iconLeased 96 days ago
Scott Caswell
Erica Balin
the dealplayerscompscontact
share iconContact now

Summary

Lease
CALIFORNIA
Industrial
60,300 sqft

An AI and robotics manufacturing firm, Machina Labs, has secured a five-year lease for a 60,300 square foot warehouse located at 20559 Prairie Street in Chatsworth. The lease agreement was facilitated by Lee & Associates, with Erica Balin and Scott Caswell representing the tenant on behalf of Machina Labs. The lease, provided by Lainer Investments, allows Machina Labs to expand its production capabilities by threefold, supporting their innovative approach to rapid iteration in factory design and engineering.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 20559 Prairie Street
  • Market: Chatsworth
  • Square Footage: 60,300

Machina Labs' notable clients, including Lockheed Martin, the US Air Force, and NASA, are set to benefit from the increased production capabilities enabled by the new lease agreement. This strategic move will support their mission to drive advancements in AI and robotics technology. Erica Balin and Scott Caswell of Lee & Associates have played a crucial role in securing this lease, ensuring Machina Labs' growth and success in the industry.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Scott Caswell's profile picture
Scott Caswell
Lee & Associates-image
Managing Director / Principal
$33.8M Sold
Erica Balin's profile picture

Details

Deal Summary
minus icon
LEASED
IMAGE: Scott Caswell, Edward Mehr & Erica Balin DATE: 01/31/2024 ADDRESS: 20559 Prairie Street MARKET: Chatsworth ASSET TYPE: Industrial ~ SF: 60,300 LANDLORD: Lainer Investments TENANT: Edward Mehr - Machina Labs BROKERS: Erica Balin (@EricaBalin_cre) & Scott Caswell (@Scott.Caswell) - Lee & Associates (@LeeAssociatesRE) NOTE: LA North/Ventura Principals Balin and Caswell secured a five-year lease for Machina Labs, an AI and robotics manufacturing firm, in a 60,300 SF Chatsworth warehouse, enabling a threefold production increase. The move, facilitated by Lee & Associates, supports Machina Labs' innovative approach to rapid iteration in factory design and engineering, with notable clients including Lockheed Martin, the US Air Force, and NASA, set for Q2 2024.

View on map

Loading...

Address20559 Prairie Street

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want