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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 would begin at $35,375 per month with 3% annual increases and a five‑year initial term with up to three optional three‑year extensions. Carey said the proposed lease is not subject to the State’s Surplus Land Act and that the revenue and retained sales tax base would benefit the city’s long‑term economic development strategy. “This agreement represents a strategic, fiscally responsible opportunity to strengthen Cerritos’ economic base, support a valued local business and ensure the productive use of a city asset,” Carey said.
Council discussion noted that the building has been vacant since the prior tenant departed and that prior uses included storage for a museum collection and temporary commercial leases. Councilmember Mark Pulido called the proposal a sensible use for an idle asset and emphasized the lease’s potential to preserve sales tax revenue and create jobs.
Councilmember Mark Polito moved to adopt a resolution declaring the property not required for other city purposes and to authorize the lease consistent with the letter of intent. Councilmember Jennifer Hong seconded the motion, which passed 5–0. Staff will return with final lease documents and complete necessary administrative steps to execute the agreement.
