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LGE Design Build Completes Echo Park 303 in Glendale

LGE Design Build and developer Echo Real Estate Capital have completed Echo Park 303, a 676,176-square-foot industrial project in Glendale’s Loop 303 corridor. The project consists of two buildings, with Building B covering 455,936 square feet and Building A at 220,240 square feet. HubStarr Logistics has pre-leased 126,075

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A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.

A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.

A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.

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