CenterPoint Properties Leases 361,435 SF Unit to 4PX Express
Posted By Staff Writers On August 17, 2016 @ 10:00 am
OAK BROOK, IL – CenterPoint Properties is pleased to announce a 361,435 square foot lease for 4PX Express Co at 5600-5650 Grace Place in Commerce, California. Sandy Chen of TTC Real Estate represented 4PX Express, while David Hasbrouck, John McMillan and Jeff Sanita of Cushman & Wakefield represented CenterPoint in the transaction.
4PX Express will occupy one 361,435 SF unit of the total 492,699 SF, three-unit facility. Edgemod Furniture and Barbaras Development, Inc. occupy the other two units. The building is 100 percent leased and is one of the largest freestanding industrial facilities in the Los Angeles market, located in close proximity to the Port of Los Angeles and Port of Long Beach. The business-friendly city of Commerce offers 4PX Express a local skilled labor force and access to the Union Pacific intermodal and freeways including 710, 5, 10, 60 and 605.
“This lease is a great addition to our expanding West Coast portfolio,” said Bob Andrews, Senior Vice President of Operations at CenterPoint. “We expect 4PX Express to greatly benefit from the transportation options at this central location.”
4PX Express is a cross-border e-commerce solutions provider offering logistics, software and consulting services. Its new facility features include 28’ clear height, ESFR sprinklers, a secured truck yard, refurbished office and warehouse, and future growth potential within the building.
“Working with CenterPoint to lease a property in a business-friendly market with an experienced workforce is ideal for our business,” said Ken Wong, President of 4PX Express. “We look forward to utilizing the transportation advantages offered to us and we are confident that this location will spur our continued business success.”