Trio Manufacturing Expands in LA’s South Bay Amid Aerospace Boom
In a notable development for the aerospace manufacturing sector, Trio Manufacturing has announced a significant expansion in its operations within Los Angeles County’s South Bay area. This move comes despite a recent uptick in vacancy rates for industrial spaces across the region.
Details of the Lease Agreement
Trio Manufacturing, a key player in both commercial and military aircraft engineering and manufacturing, is relocating its operations from El Segundo to a new facility leased from The Cypress Land Company. The new site, located at 17006 South Figueroa Street, encompasses an impressive 123,189 square feet of space. This 126-month lease is valued at approximately $20 million.
The Role of Klabin Company in the Transaction
The Klabin Company facilitated this transaction, with Courtney Bell representing Cypress Land Company and a team including Matt Stringfellow, Max Farkas, and Zach Middleton backing Trio Manufacturing.
Bell highlighted the importance of this lease, stating, “This transaction is a significant addition to the L.A.-South Bay Aerospace industrial market user base for a number of reasons. In a market where 100,000-square-foot-plus distribution buildings are a dime a dozen, this facility is a throwback to the days when the South Bay was synonymous with high-skilled manufacturing.”
Facility Features and Recent Renovations
Strategically located near key transportation routes, the 5-acre property sits just east of Interstate 110 and north of State Route 91, adjacent to the Harbor Gateway Transit Center. The building includes 3,200 square feet of office space and has recently undergone a comprehensive $500,000 renovation. This renovation updated various aspects of the facility, featuring new landscaping, exterior improvements, wrought-iron fencing and gates, as well as new windows.
Market Insights and Trends
The South Bay industrial market is currently navigating challenges, as a report from CBRE indicates a rise in vacancy rates nearing 5 percent in the final quarter of 2024—a stark contrast to previous years where rates remained below 1 percent. Nonetheless, demand for industrial space in the region remains robust, suggesting a resilient market environment.
Last year, Illinois-based CedarPoint Properties made headlines by acquiring a four-building portfolio in Compton for nearly $200 million. Meanwhile, the safety equipment provider Total Safety U.S. has also made moves in the area, securing a lease of approximately 52,000 square feet in Harbor City, effectively doubling its previous operational footprint.
Conclusion
As the aerospace sector continues to thrive, Trio Manufacturing’s expansion reflects growing confidence in Southern California’s industrial capabilities. The recent lease not only underscores the demand for high-skill manufacturing spaces but also signals optimism amid fluctuating market conditions.
For further inquiries, you can reach Nick Trombola at nt*******@co****************.com.
