Commerce Energy Storage, LLC Signs Long-Term Ground Lease For Industrial Building In Commerce, California

Commerce Energy Storage, LLC has signed a long-term ground lease for a 50,073-square-foot industrial building located at 6920 East Slauson Avenue in Commerce, California. In addition, they have also acquired an adjacent 2.23-acre site at 6904 East Slauson Avenue. The company plans to develop warehouses on both sites to accommodate battery storage vaults. The transactions were facilitated by JLL, with Jon Reno, Mark Vanis, Trevor Gale, and Sage Segal serving as the brokers.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 6920 East Slauson Avenue & 6904 East Slauson Avenue
• Market: Commerce
• Square Footage: 50,073 SF

JLL represented all parties involved in the transactions. Despite softened demand, industrial space in the Los Angeles area continues to see strong demand, with vacancy remaining at two percent. This indicates that tenants are actively seeking valuable properties in the region.