OHL Leases 148,725 Square Foot Industrial Building from Watson Land Company

Watson Land Company completes 800,000 square feet in Q4 leasing as inbound container volume continues to grow.

2011-04-06

COSTA MESA, CA, April 05, 2011 (Press-News.org) Watson Land Company, one of Southern California's largest industrial real estate developers, has leased a 148,725 square foot industrial property to OHL.

Watson Land Company successfully completed more than 800,000 square feet in leases during the fourth quarter of 2010 as inbound container volume continued to increase, according to the Ports of Los Angeles and Long Beach. The Port of Long Beach reported a 10.4 percent year-over-year increase in inbound loaded containers, while the Port of Los Angeles witnessed an increase of 5.6 percent during 2010.

This trend has led to a flurry of leasing activity within Watson Land Company's portfolio of South Bay properties according to the company's Vice President of Marketing and Leasing, Lance Ryan. "The rise in leasing activity in the South Bay is a direct result of global logistics firms increasing their capacity to remain in step with heavy port traffic and growing retail demand," he said.

This is OHL's second lease within Watson Corporate Center, expanding its presence to 326,125 square feet.

"The sustained growth of inbound container volume at the Ports of Los Angeles and Long Beach has led us to expand our presence in the South Bay," said Bob Spieth, President, OHL Contract Logistics. "OHL is committed to making investments in growing markets like Southern California to meet customer needs. This increase in warehouse and distribution capacity enhances OHL's ability to provide global supply chain solutions to companies of all sizes."

The LEED Gold certified property is located on 7.81 acres of land at 2116 E. 220th Street in Carson, Calif. within the master planned Watson Corporate Center. The Center is located in the heart of the South Bay market in close proximity to major Los Angeles freeways, the Ports of Los Angeles and Long Beach, Los Angeles International Airport (LAX) and Long Beach Airport (LGB). It is part of Watson's Legacy Building Series.

The property features 32 dock high loading positions, a 185 foot truck turning radius, a 100 percent concrete truck court, a 32 foot ceiling clearance and abundant use of clerestory glass.

Doug McDowell with Pro Venture and Lewis Latimer with L2 Companies represented OHL. Watson Land Company was represented in-house by Lance Ryan and Mike Bodlovich.

Watson Land Company
Watson Land Company's legacy extends two centuries to the Rancho San Pedro Spanish Land Grant. Today, the company is among the largest industrial developers in the nation. For additional information, visit www.watsonlandcompany.com.

OHL
Based in Tennessee, OHL is one of the largest 3PLs in the world, providing integrated global supply chain management solutions including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services. With three business units -- Global Freight Management and Logistics, Contract Logistics, and North American Transportation -- OHL operates more than 130 value-added distribution centers, offers comprehensive transportation management services, employs nearly 6,000, and has offices worldwide. OHL has expertise in direct to consumer fulfillment, serves a wide range of business sectors from specialty retail to manufacturing, and specializes in the apparel, electronics, printing, food and beverage, and consumer packaged goods industries. For additional information, visit http://www.ohl.com/.

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OHL Leases 148,725 Square Foot Industrial Building from Watson Land Company

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