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CenterPoint Properties CEO Bob Chapman and the warehouse at 4180 190th Street in Torrance. (GI Partners, Google Maps)
No real estate sector has been bulletproof this year but the industrial market has shown the most resilience, with the surge in online orders leading to more logistics and warehouse leases.
In Southern California, where industrial has long been a bright spot, leasing remained strong in 2020. The latest example is a lease for 93,000 square feet at a Torrance warehouse, according to the Los Angeles Business Journal.
Landlord CenterPoint Properties Trust signed marketing and fulfillment company Regan Group to the deal at 4180 190th Street, according to the report. Regan Group had been subleasing nearly 30,000 square feet at the location. The new lease commits the company to the entire building.