Foot Locker Signs Largest Industrial Pre-Lease In Southern California At El Monte Logistics Center

The largest industrial pre-lease of the year in Southern California has been signed by Foot Locker, committing to approximately 361,000 square feet of space at El Monte Logistics Center. This distribution facility is expected to be completed in early 2024 and is situated about 33 miles from the ports of Los Angeles and Long Beach. The transaction reflects a shift in demand for industrial space due to changing consumer spending and cost-cutting measures among occupiers.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not mentioned
• SF: 361,000
• Address: 3900 Arden Drive
• Market: El Monte

Ares Management (ARES) represented by Michael Arougheti and Black Creek Group serve as landlords for this lease agreement, while Foot Locker's representative is Mary Dillon. This deal highlights the key individuals and companies involved in the transaction, providing insights into the people behind the deal.