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News release

LA MIRADA, CA

Leading Bicycle Company Leases Industrial Space in La Mirada, California

JLL completes 203,510 SF deal for Giant Bicycle, Inc.


LA MIRADA, CALIF., Sept. 14, 2015 – JLL represented Giant Bicycle Inc., a global leader in the bicycle industry, in a new lease for 203,510 square feet of industrial space at 15500 Phoebe Avenue in La Mirada, California. Giant Bicycle will be using the space for its West Coast distribution center. Previously, they occupied 106,000 square feet of space in Cerritos.

JLL Orange County's Luke McDaniel and Cameron Driscoll represented the tenant. The landlord, Oltmans Real Estate Services, was represented by INCO Commercial Brokerage.

“After a comprehensive market analysis, Giant Bicycle decided that this building and location was the best solution for the firm to provide superior service to its customers,” said McDaniel. "The building provides close proximity to the ports of LA and nearby transportation corridors with access to all major West Coast markets."

Driscoll continued by saying, "With the entire LA basin industrial market at historic low vacancy rates below two percent, finding a quality industrial building was a challenge. With little new construction coming on line in 2015, the Mid-Counties is one of the tightest industrial submarkets in the United States."

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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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 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.