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News release

LA MIRADA, CA

All-Ways Pacific, LLC Signs 254,718 SF Industrial Lease in Los Angeles County

JLL completes deal for third-party logistics firm in La Mirada, California


LA MIRADA, CALIFORNIA., Oct. 1, 2014 — JLL announced today that it has completed a new lease with third-party logistics firm All-Ways Pacific, LLC for an entire 254,718-square-foot industrial building located at 15300 Desman Road in La Mirada, California.

JLL Orange County Senior Vice Presidents Luke McDaniel and Cameron Driscoll represented the landlord.  Daum Commercial represented the tenant.

"All-Ways Pacific was attracted to the building because of its proximity to the ports as well as its efficient racking and storage capabilities," said McDaniel.  "Los Angeles' Mid-Counties market continues to be one of the hottest industrial markets in Southern California with more than two million square feet of absorption and vacancy of 4.2 percent through the second quarter."

The site, 15300 Desman Road, is a Class A warehouse and distribution building featuring 39 dock high and three ground level loading positions with crossdock loading, 41 foot warehouse clearance, early suppression fast response sprinklers and two separate securable yard areas. The building is located with direct access to the Interstate-5 and U.S. 91 freeways and is just 30 minutes from the Los Angeles and Long Beach ports.

According to JLL’s sixth annual Seaport Outlook, the West Coast ports remain dominant with Los Angeles and Long Beach combined leading the way when it comes to cargo volume.  Fueled by significant leasing activity around the seaports and surrounding areas, market fundamentals continue to tighten and further propel Los Angeles as a landlord-favorable market, says JLL Research. Gradual rent growth and fewer concessions are expected, as inventory remains scarce amidst sustained tenant requirements.

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.