Los Angeles, CA, Thursday, February 02, 2017– Industrial brokerage team Executive Vice Presidents David Young, SIOR and Chad Gahr, SIOR both with NAI Capital’s Encino office represented Gruma Corporation dba Mission Foods, in the lease of a 50,689 square foot distribution building located at 14400 Arminta Street, Van Nuys, Calif.
14400 Arminta Street, built in 2007, is a concrete-tilt-up distribution facility, with 37’ ceiling height, an ESFR sprinkler system, and 8 truck high dock positions with a large truck court. The building is equipped with 9,769 square feet of office space and provides for 150 parking spaces. It is ideally located near the intersection of Van Nuys Boulevard and Roscoe, with immediate access to the 405, 5, 118 and 210 freeway.
“Following an exhaustive search, it took more than a year to identify a building in the right location with all of the technical specifications that Mission Foods required. This new building will be used for distribution purposes and is located one block to the west of their current 200,000 square foot processing plant,” said Young.
“This expansion represented a one-time opportunity for Mission Foods to secure additional square footage in close proximity to one of their major regional processing facilities,” said Gahr.
Headquartered in Irving, Texas, Mission Foods, a subsidiary of Gruma Corporation, is the #1 tortilla company in the U.S. and manufactures a variety of authentic Mexican products that are distributed worldwide.
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 375 offices and 6,700 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
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About NAI Global
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.