BEST INDUSTRIAL LEASE DEAL OF THE YEAR
9200, 9230 & 9250 Mason Ave., Chatsworth
Square Footage: 180,927
The transaction involving Aware Products LLC, doing business as Voyant Beauty, is a landmark achievement due to its scale, scope, and complexity. The deal involved securing three leases totaling $20,886,793, covering a combined 181,000 square feet across three industrial buildings, making it the largest lease transaction by square footage and dollar value in the San Fernando Valley for 2024. This deal required navigating unique logistical and operational needs specific to Voyant Beauty’s production and distribution functions. A key challenge was aligning the tenant’s long-term growth objectives with the landlord’s financial goals while negotiating favorable terms for both parties.
BEST INDUSTRIAL LEASE
1150 Aviation Pl., San Fernando
Square Footage: 147,000
Bennett Robinson of CBRE successfully renewed a 147,000 square foot lease for a prominent vitamin and supplement company manufacturing facility. This company, which has operated at this location for over 37 years, was considering relocating out-of-state as its lease was nearing expiration. Through thoughtful negotiation and strategic presentation of the benefits of remaining in the location, Robinson secured a lease renewal on behalf of the landlord, ensuring the facility’s continued operation for five additional years.
BEST INDUSTRIAL LEASE
VALENCIA COMMERCE CENTER
27911 Franklin Pkwy., Valencia
Square Footage: 136,670
The CBRE team led by Craig Peters successfully orchestrated the renewal of a nearly 140,000 square foot distribution facility for Shield HealthCare. Shield has operated from this industrial facility in Valencia since 2008. Initially occupying a portion of the building, the company expanded to occupy the entire building located within the Valencia Commerce Center. The renewal was arranged on mutually beneficial terms, providing ownership with the advantage of a long-standing, reliable tenant.