River Plate Corporation Leases Industrial Space In Simi Valley For $15.6M

The industrial property located at 2950 Madera Road in Simi Valley, spanning 136,000 square feet, was leased in a deal involving landlord Howard Schwimmer of Rexford Industrial and tenant River Plate Corporation.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $15.6 million
• Address: 2950 Madera Road
• Market: Simi Valley

Erica Balin and Scott Caswell of Lee & Associates played crucial roles in the transaction, representing River Plate Corporation in securing a direct lease for the warehousing and distribution center. Caswell highlighted Simi Valley's strategic advantages, while Balin emphasized their negotiation efforts that led to the successful deal.