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Cerritos authorizes lease of vacant Moore Street industrial building to Revolve Clothing; council finds property not needed for other city purposes
Summary
The Council authorized staff to finalize a lease with Revolve Clothing for a city‑owned 35,000 sq. ft. industrial building at 12880 Moore Street. The five‑year lease (with options) starts at $35,375 per month and is projected to generate over $7 million in revenue across the full potential term while retaining sales tax base in the city.
The City Council voted 5–0 on Oct. 27 to authorize the city manager to finalize a commercial lease for 12880 Moore Street with Eminent Inc. (doing business as Revolve Clothing). The property, a 35,000‑square‑foot industrial building acquired in 2008 and currently vacant, was purchased originally for economic development uses.
Deputy City Manager Ryan Carey told the council the negotiated letter of intent…
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