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Follow on Google News | Lee & Associates Negotiates $1.3 Million Industrial Facility LeaseThe concrete tilt-up building is part of a larger facility sitting on more than one acre of land
By: The Hoyt Organization Brandon Carrillo and Jeff Coburn of Lee’s Long Beach office represented the tenant, Bear Industrial Supply & Manufacturing. Bear Industrial Supply & Manufacturing is a private company that manufactures PVC well casings, screens and tools for the drilling, oil and gas industries. The Long Beach-based company was founded in 2005 and employs 25 full-time workers to provide custom machining and manufacturing services for piping and valves. With the recent passage of a moratorium on trucking in Long Beach, Carrillo said the vacancies in neighboring business friendly cities inspired Bear Industrial to expand into Cerritos. “This deal has been a year in the making,” said Carrillo. “Our current economic climate provided the perfect opportunity for Bear to expand at a low cost to the business.” Calhoun & Clyde Stauff of Colliers represented the landlord, Mead Carmenita Investment Company LLC, who assisted Bear Industrial in moving and capital costs. End
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