LOS ANGELES –Transwestern Real Estate Services announces that it brokered a 14,117-square-foot lease for Abell Auction Company at 6620 Telegraph Road in Commerce, California. Abell will use the new location as a showroom, to conduct auctions, and for additional storage of its expansive collection of fine art, antiques and designs.
Transwestern’s J.D. DeRosa represented Abell Auction in the transaction. Founded in 1916, Abell is the oldest auction house in California and remains family-operated, in its fourth generation. The prestigious company has worked with the estates of actors, producers and a U.S. president, and has sold auction items belonging to such notable people as Gene Kelly, Cecil B. DeMille, Don Rickles, Gene Autry and Vincent Price.
“We are excited to continue to expand our operations as we respond to the continued demand for our auctions,” said Don Schireson, CEO, Abell Auction Company. “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.“
Abell expanded into 6620 Telegraph Road shortly after the lease was executed. The two-story industrial building recently went through significant renovations, including plumbing, electrical and HVAC, as well as new fencing and pavement. Located on the Santa Ana Freeway (Interstate 5), the building offers excellent visibility and is only six miles from Downtown Los Angeles and just over 20 miles from the Ports of Long Beach/Los Angeles and Los Angeles International Airport. Building ownership, the Cardinal Coate Trust, was represented in the lease by Mark Repstad, Principal, Southland Commercial Real Estate.
“It is very gratifying to have the opportunity to work with a company that has such a deep history like Abell Auction, which is more than 100 years old and thriving,” said DeRosa. “Abell has become an institution in both Los Angeles and the international auction industry. Its expansive inventory is continuously changing and is in demand by collectors, homeowners and decorators throughout the world.”
According to research from Transwestern, as of the close of the first quarter of 2024, the Commerce industrial market had 48.9 million square feet of inventory with 4.5% vacancy, and the Greater Los Angeles County industrial market had 933 million square feet of inventory with 5.3% vacancy.
About Abbell Auction Company
For a century, Abell Auction Company has skillfully practiced and passionately preserved the American tradition of the public auction. Now in its fourth generation and still family-operated, it is distinguished as Southern California’s premier marketplace for fine estate furnishings, art and jewelry – drawing an international audience of buyers and sellers. For more information, please visit www.abell.com or follow us on social media @abellauctionco.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Dan Foley
508.272.0017
dan.foley@transwestern.com
twmediarelations@transwestern.com
