7-Eleven Corporation has signed a new long-term lease agreement valued at $7.4 million that will result in the move of a regional warehouse and distribution center from Orange County into neighboring Los Angeles County, Colliers International has reported. Term of the lease was
The warehouse and distribution center will include approximately 35,000 square feet of new cooler space that 7-Eleven plans to install. The company will occupy 146,326 square feet within a larger 288,616-square-foot building owned by the Carson Companies at 12330 Lakeland Road in Santa Fe Springs.
Colliers Senior Vice Presidents Chuck Wilson and Jon Thys represented the Dallas-based convenience store operator, while CBRE’s Rick McGeagh represented the property owner.
“This facility will be their distribution center to service 7-Eleven store locations throughout Los Angeles and Orange counties by delivering dairy products, meat products, groceries, sandwiches, and fresh-baked goods, such as cookies, donuts and muffins,” said Wilson. “The industrial market in both Mid-Counties and North Orange County are extremely tight. This building is well located and has a yard area large enough to accommodate their trailer parking requirement.”