JLL Orange County’s Industrial team featured on GlobeSt.com for completing first lease at Anaheim Concourse

0 CommentsBy

Louis.Tomaselli-USE THIS ONESteve WagnerZach NilesGlobeSt.com featured JLL Orange County’s Louis Tomaselli, Steve Wagner and Zach Niles in their article “First Lease Signed at Anaheim Concourse.” The 1.4 million square foot, master-planned project secured its first tenant, Longust Distributing with a 10 year, 93,818 square foot lease.

Tomaselli says “After a comprehensive market analysis, supply-chain and logistics study, Longust decided that leasing state-of-the-art space at Anaheim Concourse was the most cost-efficient alternative based on its 32-foot clear ceiling height, ability to rack five high, the most accessible transportation network and the ability to remain in the business-friendly city of Anaheim.”

The deal was executed during a landlord-leveraged market with vacancy levels continuing to drop to while lease rates steadily rise.

Tomaselli adds, “Orange County, along with Southern California, has broken through 2008 historical, pre-recession vacancy lows and lease-rate highs. Orange County in particular is anticipated to enjoy strong occupancy levels based on the continuing story of strong and stable tenant- and owner-occupier demand, complemented with a limited amount of new supply coming online. Currently, the Orange County industrial market has a second-quarter direct vacancy of 4.1%.”

To read the complete article, click here: First Lease Signed at Anaheim Concourse

Tweet this: #JLL #OC completes first lease at #AnaheimConsourse bit.ly/1tG2GP9 @JLLNews

Leave a Reply

Your email address will not be published. Required fields are marked *