NAI Capital Negotiates 19,993 SF Full-Floor Lease With iHerb
Pasadena, CA, Tuesday, March 28, 2017– Executive Managing Director Carl Anderson and Senior Vice President Robert Stover negotiated a 5-year full-floor lease with iHerb at 301 North Lake Avenue, Pasadena, Calif. Anderson, represented the pension fund owner Operating Engineers Funds, Inc. in the transaction. Stover represented the tenant iHerb. Financial terms of the deal were not disclosed.
iHerb is a California-based retailer with more than 35,000 natural products from over 1,200 trusted brands. iHerb is headquartered in Moreno Valley, CA. iHerb.com is one of the world's largest online stores for natural products. They have been in business since 1996 and have two distribution centers, based in California and Kentucky. They will use this location as their administrative back office support center. iHerb will occupy the entire sixth floor, 19,993 square feet.
301 N Lake Ave is a Class A office building, with excellent transportation access to the 210 and 134 freeways. It is directly adjacent to Lake Avenue Gold Line.
Anderson said, “My clients are exceptionally pleased to have iHerb choose to locate in our building and occupy a full floor long term.”
“This is an outstanding building for iHerb to be in. It has great freeway and transportation access for their employees and satisfies their long term growth plans, Stover added.”
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, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals 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.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
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.
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