Avison Young negotiates corporate HQ/industrial lease totaling 53,552 sf in Cerritos, CA on behalf of Performance MachineSeptember 3, 2020
Los Angeles – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today it has negotiated a 75-month, 53,552-square-foot (sf) industrial lease at 16121 Carmenita Road in Cerritos, CA on behalf of the tenant, Performance Machine. Performance Machine is the leading premium manufacturer of motorcycle wheels, parts, brake systems, and other accessories. The space will serve as the company’s corporate headquarters and will also be used for manufacturing and distribution functions.
Avison Young Senior Vice President Blake Olson and Principal and Managing Director Jonathan Larsen who are based out of the firm’s downtown Los Angeles office, represented the tenant. The landlord, Rexford Industrial Realty, Inc., was represented by Clyde Stauff and Stephen Calhoun of Colliers International.
“Performance Machine is relocating from its current nearby La Palma location with move-in anticipated to occur by year-end,” said Olson. “The company liked the space as it provides a central location for its employees; was recently renovated by the institutional ownership; and provides the ideal layout to further enhance its operational efficiencies.”
“The new facility will help us respond to the tremendous demand for our products and our desire to improve our manufacturing operations,” said Chris Lindstrom, president of Performance Machine. “We’re excited about moving our whole team to the new location.”
The property features a two-story office area, two double exterior truck wells, five grade-level loading doors, 20- to 22-foot clear heights, 83 parking stalls, skylights, fenced yards, and convenient access to the 5 and 91 freeways.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises thousands of real estate professionals in more than 100 offices around the world. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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For more information:
• Darcie Giacchetto, Places Public Relations: 949.278.6224