Westcore Properties has signed a 10-year lease with Bay-area vertical indoor farming company, Plenty Unlimited, for its entire 94,875-square-foot Class A warehouse development project currently under construction at 126 E. Oris Street in Compton, CA.
Scheduled for completion in November 2019, the warehouse’s ceilings will reach 32 feet, a good match for the vertical rows of sustainably grown produce Plenty will cultivate at the property. Plenty will make a multi-million-dollar investment into the build out and technology for the farm at the Compton property. The Plenty growing technique requires a fraction of the water and land of conventional farms, and allows plants to grow independent of seasonal or weather variations through use of hydroponics and LED lights. The controlled environment also eliminates the need for pesticides. Plenty plans to hire local employees from Compton, and conduct outreach to local schools and communities to educate people about healthy eating, vertical farming, and sustainable farming.
Westcore is no stranger to working with companies driving the revolution in sustainability, having previously provided space for Impossible Foods and Tesla, among others. “Westcore is excited to support Plenty as the company pioneers how quality produce is grown,” said Lauren Suazo, Director of Leasing with Westcore Properties. “Plenty is a highly innovative and extremely well-run company. Through our marketing process, we worked closely with their executive team, tasted their products and are confident they will be successful.”
Marc Bonando and Brad Connors of Kidder Mathews represented Westcore in the lease agreement, while Zack Jamail and David Gordon of Savills, Inc. represented Plenty Unlimited.