Cushman & Wakefield Completes 191,000-Square-Foot Industrial Lease in California

Manhattan Beachwear will Consolidate Three Locations with the Transaction. End Quote

Orange County, CA (1888PressRelease) July 15, 2014 - Manhattan Beachwear has a new 191,000-square-foot W/D location in California's Orange County, signing a new, long-term lease at 6300 Valley View Street in Buena Park in a transaction that will consolidate three existing locations.

Cushman & Wakefield's L.A. South/Long Beach-based Rooney Daschbach and Eric Daschbach represented Manhattan Beachwear, a leading manufacturer of women's swimwear, in the signing, and teamed with the firm's Orange County-based Richard Ellison and Randy Ellison on behalf of the owner.

"The site search focused on a 15-mile radius of the company's current distribution facilities," said Rooney Daschbach. "Manhattan Beachwear has continued to grow - this facility met their requirements, and it was close to their headquarters in Cypress. The building will also have a new ESFR fire sprinkler system and 9,000 square feet of new offices built to Manhattan Beachwear's specs."

"We are consolidating the three locations into approximately the same square footage all in one new location," said David Trinkle, the company's senior vice president and chief financial officer. "We are also changing how we utilize the space, moving from a 'garments on hanger' storage method to 'flat pack' storage in racks and adding conveyors, pick module, sorters, and 'put to wall' technology to store and pick our products more efficiently."

Constructed in 1976 and substantially upgraded in 2006, 6300 Valley View Street is now fully occupied. "The space had been vacant for approximately seven months, and drew considerable interest," said Daschbach. "The market in general is the best it's been since pre-recession, with a number of large buildings leased in just the past 90 days. Vacancies have been dropping, and we expect to see them in the 4% to 4-1/2% range at the end of the current quarter."

Manhattan Beachwear's new distribution center is situated on 11.6 acres just off the Santa Ana Freeway (I-5), near its intersection with Route 91, just northwest of Anaheim. Building features include 26- to 30-foot clear ceiling heights and two secured yard areas, and it is currently undergoing an additional upgrade.

Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2013, globally, this group completed nearly 8,900 industrial real estate transactions totaling 348 million square feet, with an aggregate value of $13.3 billion.

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