Total Safety U.S. has leased a 52,600-square-foot industrial building in Harbor City, doubling its real estate footprint in Los Angeles.
The Houston-based safety equipment provider inked the deal for the single-story building at 1405-1407 240th Street, seven miles from the Port of L.A., the Commercial Observer reported.
The seven-year lease for the building owned by Alere Property Group, based in Newport Beach, is worth $5.5 million.
Total Safety’s new digs are more than twice as big as its 25,200-square-foot location at 18821 South Broadwick Street in Rancho Dominguez, which it has occupied since early 2020.
Brokers Courtney Bell and Matt Stringfellow of The Klabin Company represented the landlord, while brokers Brian Held and Ron Wade of CBRE represented Total Safety.
The industrial building, built in 1999 on 2.6 acres, includes 4,500 square feet of offices.
“When the previous tenant vacated this building two years ago, we were at the mercy of a market that had become challenging to say the least,” Bell said in a statement. “We knew it was a matter of finding the right tenant, and we are pleased that Total Safety emerged as the lessee.”
Los Angeles County has seen several major industrial deals this year, according to the Observer.
In August, Voyant Beauty signed three leases with Rexford Industrial Realty for 180,000 square feet in Chatsworth. In July, Neutraderm bought a 59,400-square-foot industrial building in Chatsworth for $21 million, expanding its footprint in the region to 115,000 square feet.
— Dana Bartholomew
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