HHM International Subleases 82,195 SF Land In Gardena For $4M

A logistics firm, HHM International, has subleased an 82,195-square-foot transportation yard in Gardena, Los Angeles. The property, located at 14521 Avalon Boulevard, is valued at $4 million. This sublease agreement is set to last for almost four years.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $4 million
• Square Footage: 82,195
• Address: 14521 Avalon Boulevard, Gardena

The landlord of the property is Corridor Recycling, represented by Gil Dodson. The tenant, HHM International, is expanding its truck fleet and space needs in the Southern California industrial market. This sublease agreement allows HHM International to meet its growing demands. The transportation yard will serve as a strategic location for the company in the South Bay area.

Gil Dodson's representative in this deal is Guy LaFerrara from Lee & Associates. On the other hand, Tyler Rollema and Matt Stringfellow from The Klabin Company represent HHM International as their tenant's representatives. The sublease agreement was facilitated by these individuals to ensure the smooth execution of the transaction.

This deal highlights the continuous growth and high demand in the Southern California industrial market, which has experienced the nation's highest rent increases.