RANCHO DOMINGUEZ, Calif.—DHL/Exel Inc. has leased a facility from First Industrial Realty Trust Inc. and will employ approximately 100 people at the site.
One year ago, First Industrial Realty Trust acquired the previously vacant building on 14.5 acres of land. The company demolished 150,000 square feet of the existing building and created a 213,000-square foot facility with 55 dock high loading positions, 20-foot minimum interior clearance, 5.7 acres of land for container storage and two Union Pacific rail spurs.
David Bales, Frank Schulz and Todd Taugner of the Klabin firm represented First Industrial and DHL/Exel. Consideration for the five-year lease was $12.9 million.
“When we sold the building to First Industrial a year ago, we provided them with a redevelopment concept focusing on a port-related logistics center with a tremendous amount of dock high loading and a yard to store and stage trailers for transloading,” says Taugner. “We foresaw the mounting need for logistics facilities in the South Bay, and our advice to First Industrial helped create a product that was leased upon completion.”