Realterm has purchased a 136,580-square-foot final mile warehouse located at 359 N. Covina Lane in La Puente, Calif. The facility sits on 9.2 acres and includes 5,000 square feet of office space, 23 dock-high doors and three grade-level doors.
“Los Angeles is the most highly sought-after high-flow-through market in the country and has seen a dramatic increase in demand for industrial space over the last few years,” said Blair Duncan, associate vice president of acquisitions, Realterm. “With high barriers to entry in the region and increased tenant demand, Los Angeles was the obvious choice for our first development on the West Coast. We are excited to build our first development in Los Angeles.”
Ideally situated to service the greater Los Angeles and Inland Empire regions, 359 N. Covina Lane is strategically located with access to Interstate 605, Interstate 10, Route 60 and Interstate 5 within 15 minutes. With immediate access to the region’s key highway netw
