Bay Cities Container Corporation has renewed its lease for 94,000 square feet of light industrial space at 5138 Industry Avenue in Pico Rivera, Calif. The tenant, who has been located at this property since 2005, signed a 10-year lease valued at approximately $6.5 million. Bay Cities, an employee-owned company, is a leading designer and manufacturer of packaging and displays.
Bart Pucci, senior managing director of Savills Studley, represented the company in the transaction.
“Bay Cities designed their two-story offices, including an open workplace environment, specifically to meet their needs. This, along with favorable renewal terms and the opportunity to avoid any potential downtime due to a relocation, created a compelling case to stay,” said Pucci. “Bay Cities will also reconfigure some of the existing facility to accommodate its need for additional warehouse space and will continue to look for more space in the area.”
Pacific Gateway Business Park is a 27-acre, 550,000-square-foot master planned business park comprised of two state-of-the-art industrial class facilities.
The landlord, Robertson Properties Group, was represented in-house.