USPS nears lease for 100K sf distribution center in City of Industry

Package hub would add to Postal Service’s 130 locations across LA County

Los Angeles /
Sep.September 23, 2021 12:48 PM
U.S.P.S. close to a deal to lease a warehouse in City of Industry for a package distribution center (iStock, Google Maps)

The United States Postal Service is nearing a deal to lease a warehouse in City of Industry that it will use as a package distribution center, The Real Deal has learned.

The Postal Service is expected to take the 109,295-square-foot complex at 321 Vineland Avenue, sources said. USPS declined to comment.

The landlord, Maxim Lighting, is a lighting manufacturer that operates in a property next door, records show.

The deal comes as e-commerce continues to drive strong demand for industrial space across the Los Angeles region. And countywide, nearly 3 million square feet of industrial space was under construction as of midyear.

L.A. County vacancy rates are also extremely low, with some submarkets under 1 percent, according to JLL. In the San Gabriel Valley, just 1.5 percent of total distribution inventory was vacant, with an average asking rent price of $0.85 per square foot.

The Vineland Avenue property would be among USPS’ largest across the county. feet near LAX from the City of Los Angeles, and around 231,000 square feet at a Prologis-owned warehouse in Carson.

USPS owns 82 properties and leases another 130 facilities across the county, according to agency data. It is one of the largest land owners of a logistics network, with more than 33,000 facilities spanning over 300 million square feet nationwide. The agency has in recent years begun a shift toward more leasing.





    Related Articles

    arrow_forward_ios
    Valley Central at 44400 Valley Central Way in Lancaster (Google Maps, Getty)
    Lancaster shopping center trades for $45M
    Lancaster shopping center trades for $45M
    UCLA chancellor Gene Block; former Marymount California University campus (UCLA, MCU)
    UCLA pays $80M for former Marymount California campus
    UCLA pays $80M for former Marymount California campus
    IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty)
    Irwindale Speedway site to transform into industrial park
    Irwindale Speedway site to transform into industrial park
    Commercial real estate, Orange County, Proposition 13
    Large landowners in OC could pay more property taxes, critics say
    Large landowners in OC could pay more property taxes, critics say
    Drawbridge Realty's Mark Whiting and Pacific Center office park at 1600-1610 Saint Andrew Place (Loopnet, Drawbridge Realty, Getty)
    Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
    Collectibles outfit backed by Mets’ owner Cohen, Nets’ star Durant adds 102K sf at Santa Ana campus
    From left: Greenbridge Investment Partners' Sean Hashem and Fareed Kanani with  525 E. Colorado Blvd (Getty, Loopnet, Greenbridge)
    Burrito chain leases at historic newspaper building in Pasadena
    Burrito chain leases at historic newspaper building in Pasadena
    Stream Realty Partners' Mike McVean, QuadReal's Dennis Lopez, and Stream Realty Partners' Lee Belland with 1800 Tapo Canyon Rd
    First tenant signed at Simi Valley industrial park
    First tenant signed at Simi Valley industrial park
    Mayfair hotel at 1256 West 7th Street (TripAdvisor, Getty)
    ICO wants $70M for shuttered Mayfair hotel in DTLA
    ICO wants $70M for shuttered Mayfair hotel in DTLA
    arrow_forward_ios

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

    Loading...