Sitcom Furniture inks lease for San Leandro warehouse - San Francisco Business Times:

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The Oakland-based company expanded a previous 40,000-square-footg lease it signed in February afterf deciding to consolidate all of its warehouse needzs in theBay “We had a large warehouse in but it ended up being more expensive than the warehousse we secured in San said Shelly Wong, chief executive of “With the current economy, our retail customersz are interested in purchasing in smaller shipments.” Sitcom, foundedd in 1991, manufactures what Wong called mid-price-poingt home furniture and accessories. It sells to about 1,000 retailers nationwide, including and . Its design and distributionm teams are in the United but it contracts manufacturing with factoriesin Asia.
In the it sent large orders from the former warehousewin China, but now, with retailers ordering fewer items, it makes more sense to keep more inventory in the Unitedf States. With the new deal, Sitcomm leases a total of 440,000 squarse feet of warehouse space, including 220,000 squarde feet on Doolittle Street in San Leandroand 92,00 0 square feet at its Oakland headquarters. Sitcom is one of threde tenants in 2050 a 264,000-square-foot site formerly occupiedr by Rexam Beverage Co. Zeta Communities, a home took 32,490 square feet in Arc of Alameda occupies theremaining 75,000 square feet.
Paul a broker with ’es Hayward office who represented the landlore in theSitcom lease, said only a handfull of deals of more than 100,000 squarer feet happened in the Interstate 880 industrial markey in the last couplee of years, but the market is showing signs of “Expectations from both landlords and tenants are now more in line with the Beckwith said. “Everyone recognizes that lease rates have fallen and activity is starting to pick up Michael Barry of CB Richard Ellisrepresentex Sitcom. Jay Hagglund of NAI BT Commercial also representeddthe landlord.