MEI is pleased to announced the closing of a 5-year industrial warehouse lease transaction in Canoga Park, CA. Chelsea Novelli of MEI Real Estate Services represented the tenant in the transaction and secured the 10K SF+ space at terms exceeding the client’s expectations. The client is an established stone-cutting business that was looking to expand from their existing location in Van Nuys. After searching diligently for M2-zoned space in the Valley, MEI was able to secure a warehouse that allowed for the specific use at terms favorable to the client. The client has long-terms goals to operate at the building and was also successful at incorporating a first-right of refusal to purchase the premises should ownership decide to sell the property in the future.