Physicians Formula Hldgs Inc fka FACE

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Physicians Formula Leases 72,000 SF in Covina

Cosmetics Manufacturer Inks Industrial Deal Valued at $1.7 Million


Physicians Formula Inc. leased the entire 71,762-square-foot industrial building at 753 Arrow Grand Circle in Covina, CA. The cosmetic products manufacturer leased the property for 45 months with a total value of $1.7 million or $23.61 per square foot.

"We were able to secure a large industrial facility for our client with certain hard-to-find features in an area which currently has the lowest overall vacancy rate in Los Angeles County," said Shan Lee of GVA Daum, who represented the lessee.
The warehouse property was built in 1985 and is on 3 acres. About 2.8% of the building is office space.
Kerry Cole of Cole Associates represented the landlord, 753 Arrow Grand Circle LLC.

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