Lee & Associates-LA North/Ventura Transacts 60,000 SF Industrial Lease

Growing skin-care manufacturer, Neutraderm, to expand operations

CHATSWORTH, CA – Sept. 19, 2019 – Neutraderm, Inc., a leading manufacturer of medical-grade skin care products, has inked a lease for 60,043 square feet at 20680 Nordhoff St. in the Chatsworth submarket of Los Angeles to expand its operation, according to Lee & Associates-LA North/Ventura Managing Director Scott Caswell and Associate Erica Balin, who represented Neutraderm in the transaction.

“This was a challenging search due to tight market conditions with very little availability and the specialized needs of our client including high clearance warehouse space, power requirements and space for labs and a showroom,” said Caswell.

Additional terms of the transaction were not disclosed.

Neutraderm manufactures a wide range of therapeutic products to treat conditions such as aging skin, hyperpigmentation, acne and psoriasis for medical practitioners under its own and private label brands.

The privately-held company has owned a neighboring building at 20660 Nordhoff since 2008, and as the business has grown, added two additional Chatsworth locations. Neutraderm will be consolidating one of those locations, a 17,500-square-foot space, into the new facility.

“Neutraderm is growing rapidly,” Balin said, “and when this building, located directly next door to their 20660 Nordhoff facility, became available, the company jumped at the opportunity to keep its operation so close together.”

The new facility will undergo a complete renovation to implement much needed upgrades and accommodate Neutraderm’s requirements. Bennett Robinson, executive vice president with CBRE, represented the landlord, Nordhoff XC, LLC.

“Due to the amount of deferred maintenance, our negotiations were necessarily focused on ensuring that the lessor would deliver the upgrades needed,” Caswell added. ”We are pleased that we were able to deliver a total package that will allow Neutraderm to transition into the new facility successfully.”