As demand for industrial space increases in the South Bay and Inland Empire, the Gateway Cities continue to hold interest from tenants.
MEI Rigging & Crating committed to a five-year lease renewal at a 248,105-square-foot industrial property in La Mirada, Colliers announced in a press release. The deal for space at 14555 Alondra Boulevard is valued at roughly $21 million, according to Colliers, which represented the landlord, Brookfield Properties, in the transaction.
The 14555 Alondra property, built in 1969, sits on 12.1 acres and was fully renovated in 2016. The facility has more than 11,000 square feet of offices, large storage facilities and vehicle-serving features like 22-foot clear heights and oversized doors enabling trucks to drive straight inside. A full-service mechanics building is also on site.
In 2020, MEI Rigging & Crating acquired Dunkel Bros Machinery Moving, which provides heavy rigging and warehousing services out of Los Angeles. Dunkel appears to still be operating at the site, according to the company’s website. Brookfield acquired the La Mirada property in 2021 for between $55 million and $60 million, the Los Angeles Business Journal reported.
MEI’s lease deal may signal a vote of confidence in the Greater Los Angeles industrial submarket. Industrial vacancy in Greater Los Angeles was at 4.6 percent at the end of last year, according to Cushman & Wakefield’s fourth quarter report for the area. By contrast, industrial vacancy in the Inland Empire was nearly double that at 8.1 percent, per Cushman & Wakefield.
The availability rate, which includes both vacant space and space actively marketed for lease, declined for the second consecutive quarter, dropping from 6.7 percent in the second quarter of 2025 to 6.1 percent in the fourth quarter. At year’s end, Greater L.A. recorded 49.3 million square feet of available space, a decline of more than 1.5 million square feet quarter-over-quarter, according to Cushman & Wakefield.
— Chris Malone Méndez
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