Abell Auction Co. leases 14,000 square feet in Commerce

Abell Auction Co. has signed a 14,000-square-foot lease at 6620 Telegraph Road in Commerce, California, according to Transwestern Real Estate Services, which brokered the deal.

The 108-year-old auction house will use the new location as a showroom, to conduct auctions and for additional storage of its collection of fine art, antiques and designs.

Transwestern said the two-story industrial building recently went through “significant” renovations, including plumbing, electrical and HVAC, as well as new fencing and pavement.
“Our new location in Commerce supports Abell Auctions’ recent growth, while allowing us to continue to provide the personal touch that has been the hallmark of our service since 1916,” said Abell CEO Don Schireson in a statement.
Abell is the oldest auction house in California and has handled auction items owned by such luminaries as Gene Kelly, Cecil B. DeMille, Don Rickles, Gene Autry and Vincent Price.
Transwestern’s J.D. DeRosa represented Abell Auction in the transaction, while building ownership, the Cardinal Coate Trust, was represented by Mark Repstad, principal of Southland Commercial Real Estate.

According to Transwestern research, the Commerce industrial market had nearly 49 million square feet of inventory with 4.5% vacancy at the close of the first quarter, and the Greater Los Angeles County industrial market had 933 million square feet of inventory with 5.3% vacancy.

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