Morrison Express Leases 219575 Square Feet At 415-501 West Walnut Street In Compton

The property asset involved in the transaction is an industrial asset located at 415-501 West Walnut Street in Compton. The total square footage of the asset is 219,575, serving as a warehouse and distribution center. This area is a strategic industrial submarket, positioned near the Ports of Los Angeles and Long Beach, catering to the logistics industry's needs.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 219,575
• Address: 415-501 West Walnut Street
• Market: Compton
• Tenant: Asok Kumar - Morrison Express

The deal features Asok Kumar representing Morrison Express, which has leased the space to expand its operations in Southern California. This transaction is indicative of the strong demand present among international third-party logistics providers within the area, characterized by limited new supply.