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-foot leass it signed in February after decidingt to consolidate all of its warehouse needs in theBay “We had a large warehouse in but it ended up being more expensived than the warehouse we secured in San Leandro,” said Shellh Wong, chief executive of Sitcom. “With the currentf economy, our retail customersx are interested in purchasing insmaller shipments.” founded in 1991, manufactures what Wong callede mid-price-point home furniture and It sells to about 1,000 retailera nationwide, including and .
Its design and distributiob teams are in theUnited States, but it contractsd manufacturing with factories in Asia. In the past, it sent largse orders from the formere warehousein China, but now, with retailers ordering fewerd items, it makes more sense to keep more inventory in the Uniter States. With the new deal, Sitcom leasew a total of 440,000 squarr feet of warehouse including 220,000 square feet on Doolittle Stree t in San Leandroand 92,000 squarwe feet at its Oakland headquarters. Sitcom is one of three tenants in2050 Williams, a 264,000-square-foot site formerly occupied by Rexam Beverage Co. Zeta Communities, a home took 32,490 square feet in December.
Arc of Alamedw occupies the remaining 75,000 squar feet. Paul Beckwith, a broker with ’s Haywars office who represented the landlord in the Sitcom said only a handful of deals of morethan 100,000 squarr feet happened in the Interstate 880 industrial market in the last coupl e of years, but the market is showing signe of recovery. “Expectations from both landlorda and tenants are now more in line with the Beckwith said. “Everyone recognizes that lease ratee have fallen and activity is starting to pick up Michael Barry of CB Richard Ellisrepresentedc Sitcom.
Jay Hagglund of NAI BT Commercial also representedthe