Long Beach

Mercedes will move into shuttered Boeing plant in Long Beach

Mercedes-Benz USA has leased more than one million square feet at the former Boeing 717 plant in East Long Beach that closed in 2006. It's being called a landmark deal in the local real estate market. "This is the largest infill industrial lease in the Los Angeles area in more than 25 years - to be able to replicate this kind of opportunity would be virtually impossible," said John Schumacher of commercial real estate firm CBRE, which has a piece of the deal. "There simply is no way to aggregate a +/- 50-acre site within the infill area of Los Angeles, let alone in such close proximity to the port of Long Beach. It's unlikely that we'll see another opportunity for a contiguous parcel with these kinds of improvements within a 20-mile radius of the ports in the foreseeable future." Press-Telegram


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