NAI Capital’s Matt Ehrlich Represents Lau Enterprises, Inc.’s Headquarters Relocation
Tuesday, March 22, 2016– NAI Capital is pleased to announce that Senior Associate Matt Ehrlich has recently completed a 32,356 square foot lease at 8321 DeCelis Place in the city of North Hills, Calif. Ehrlich represented the tenant LAU Enterprises, Inc.
8321 DeCelis Place is a warehouse facility built in 1963 with 20 foot clear height, 4 dock-high loading doors and 2 grade-level Doors. These property features make it the ideal use for LAU Enterprises, Inc who distributes wholesale picture frames. LAU Enterprises will use this facility as its warehouse and corporate headquarters.
LAU Enterprises, INC. was previously in Mission Industrial park in Van Nuys. The market for warehouse distribution space is tight in the Central San Fernando Valley. The vacancy rate for warehouse facilities in the Central San Fernando Valley is a razor thin 0.8% - virtually no vacant space on the market.
“Warehouse space throughout the region is in short supply and experiencing strong demand. This space offered my client good usable space, which met their needs. We’re extremely pleased to have found this space to occupy,” Ehrlich said.
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. NAI Capital provides a complete range of transaction, valuation, consulting, investment, and property management services. NAI Capital is one of the largest members of NAI Global, the leading independent real estate service network with 375 offices and 6,700 market leaders spanning the globe. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout Southern California. Since 1979, 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
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate 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. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.
To learn more, visit www.naiglobal.com.
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