Newmark Arranges $34.1 Million Acquisition of Industrial Facility in East Los Angeles

June 16, 2026 9:00 AM

Newmark announces the Company represented Holland Flower Market in the $34.1 million acquisition of a 91,010-square-foot, Class A freestanding industrial facility at 5555 East Slauson Avenue in the City of Commerce, California.

Newmark Executive Managing Director Jeff Cannon, Senior Associate Sage Segal and Senior Managing Director Greg Tippin represented the buyer in the transaction. The acquisition supports Holland Flower Market's continued expansion as a leading floral distributor serving major grocery retailers across the Western United States. The company has experienced significant growth in recent years and required a larger, more advanced facility to support increasing demand, operational scale and continued investment in automation.

"This acquisition reflects a broader trend across Southern California, where owner-users are capitalizing on unique opportunities created by market dynamics," said Segal. "Over the past 24 months, softer leasing conditions have led some institutional owners to divest assets, creating a window for growth-oriented occupiers to secure high-quality facilities in prime infill locations. Holland Flower Market recognized this opportunity and moved decisively to establish a long-term operational hub in one of the region's most critical logistics corridors."

Originally marketed for lease, the property was ultimately acquired after a targeted pursuit by the Newmark team, who proactively identified ownership flexibility and negotiated a successful outcome on behalf of the buyer. Located at 5555 East Slauson Avenue, the state-of-the-art industrial facility features 32-foot minimum clear heights, a 9,994-square-foot two-story office component, ESFR fire sprinklers and a fully secured truck court. The building includes six dock-high loading positions and one grade-level door, offering efficient functionality for high-throughput distribution operations.

Situated on approximately 3.5 acres in the City of Commerce, the property benefits from immediate access to Interstates 5 and 710 and proximity to Downtown Los Angeles, key rail yards and the Ports of Los Angeles and Long Beach, positioning it as a highly strategic logistics hub.

According to Newmark Research, the Los Angeles industrial market has demonstrated resilience amid shifting economic conditions, with vacancy holding at a relatively low 4.2% and leasing activity rebounding in the first quarter of 2026. The market continues to benefit from strong underlying demand drivers tied to port activity and consumer spending, while a sustained "flight-to-quality" trend has driven occupiers toward newer, high-performance facilities. At the same time, a 26% correction in infill contract rents from peak levels, combined with elevated concessions, has created more favorable conditions for tenants and owner-users alike, further supporting strategic acquisitions such as Holland Flower Market's expansion in a highly supply-constrained, infill logistics corridor.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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