With foothold in SoCal, packaging firm expands in Cerritos

New-Indy Tripaq's 44K sf lease is around the corner from its headquarters

TRD LOS ANGELES /
Apr.April 04, 2018 11:00 AM
12765 166th Street in Cerritos

A Cerritos packaging company is expanding its operation with a 44,000-square-foot lease next to its headquarters.

New-Indy triPAQ signed the lease for 12765 166th Street, part of the Cerritos Industrial Park, the Los Angeles Business Journal reported. The company designs and manufactures retail cardboard displays, hazardous material packaging, and liquid bulk packaging, among other products.

Helped in part by the ecommerce boom, the global packaging industry is expected to grow over the next two years and hit $1 trillion by 2020, according to the Motley Fool.

New-Indy Tripaq’s new landlord is Megaland Enterprises, which is owned by New Jersey-based Winco DWL Industries. Winco purchased the property in 2008 for $4.8 million, or $109 per square foot.

The company was formed in late 2016 when New-Indy JV Corp acquired triPAQ to gain a foothold in the SoCal market. The acquisition also brought in triPAQ’s properties in Santa Ana and south of the border in Mexicali and Tijuana. New-Indy itself was formed in 2012 as a joint venture by New England Patriots owner Robert Kraft’s Kraft Group LLC and Indianapolis-based Schwarz Partners LP, according to the Packaging Portal, an industry news website. [L.A. Business Journal] — Dennis Lynch 


Related Articles

arrow_forward_ios
Heather Crossner and the site (Credit: Google Maps)

Bridge Development plans distribution center outside Torrance

Bridge Development plans distribution center outside Torrance
Daniel J. Moore and the site (Credit: Rockefeller Group)

Rockefeller Group snags Inland Empire site for logistics centers

Rockefeller Group snags Inland Empire site for logistics centers
Chris DeWitt, and the property (Credit: Google Maps)

Made Goods furniture wholesaler inks giant lease in City of Industry

Made Goods furniture wholesaler inks giant lease in City of Industry
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
Michael Flood and the warehouse (Credit: Google Maps)

LA Food Banks pays $52M for warehouse, ending long search

LA Food Banks pays $52M for warehouse, ending long search
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Brett Dedeaux and the property (Credit: Dedeaux Properties and DB&R Marketing Communications via Commercial Observer)

Dedeaux, Stockbridge boost industrial portfolio

Dedeaux, Stockbridge boost industrial portfolio
(iStock)

SoCal developers say demand for office, retail space will continue to drop

SoCal developers say demand for office, retail space will continue to drop
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...