Savills Studley Represents Bay Cities Container Corporation in 94,000-Square-Foot Lease Renewal in Pico Rivera, Calif.
Los Angeles, CA (March 27, 2015)
Bay Cities Container Corporation has renewed its lease for 94,000 square feet of light industrial space at 5138 Industry Avenue in Pico Rivera, Calif. The tenant, who has been located at this property since 2005, signed a 10-year lease valued at approximately $6.5 million. Bay Cities, an employee-owned company, is a leading designer and manufacturer of packaging and displays.
Bart Pucci, senior managing director of Savills Studley, represented the company in the transaction.
“Bay Cities designed their two-story offices, including an open workplace environment, specifically to meet their needs. This, along with favorable renewal terms and the opportunity to avoid any potential downtime due to a relocation, created a compelling case to stay,” said Pucci. “Bay Cities will also reconfigure some of the existing facility to accommodate its need for additional warehouse space and will continue to look for more space in the area.”
Pacific Gateway Business Park is a 27-acre, 550,000-square-foot master planned business park comprised of two state-of-the-art industrial class facilities.
The landlord, Robertson Properties Group, was represented in-house.
About Bay Cities
Bay Cities delivers concept to completion as a turnkey solutions provider. We are a direct manufacturer specializing in point of purchase displays, retail packaging, in-store signage, industrial packaging, and digital printing. Our services include cold sealing, assembly, supply chain management, logistics, packout and fulfillment. The Bay Cities in-house design center offers structural and graphic design as well as an n-house certified lab that conducts a series of tests in vibration, drop, and incline impact to ensure your products arrive safely.
Visit us at www.Bay-Cities.com for further information.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 28 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.