Chris Zheng Of SpeedX Signs Lease For 326,517 Square Feet Industrial Space In Montebello

The property asset involved in the transaction is an industrial space located at 2101 West Flotilla Street in Montebello. The asset encompasses a total of 326,517 square feet. This lease underscores the active market for industrial properties, particularly as e-commerce-driven logistics firms continue to expand in Los Angeles.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 2101 West Flotilla Street
• Market: Montebello
• Tenant: Chris Zheng - SpeedX

Chris Zheng, representing SpeedX, has finalized a new lease for the significant industrial space. This move highlights the ongoing trend of logistics firms strategically positioning themselves near key distribution infrastructure in a competitive market environment.