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Cerritos council authorizes 5‑year lease of 12880 Moore St.; staff says lease will keep sales tax base local
Summary
Council approved a resolution authorizing a lease of a vacant city‑owned industrial building at 12880 Moore Street to a tenant doing business as Revolve Clothing. Staff said the proposed lease would begin at $35,375 per month, run five years with extension options, generate more than $7 million and help retain local jobs and sales tax revenue.
CERRITOS, Calif. — The Cerritos City Council on Oct. 27 authorized a lease of a city‑owned 35,000‑square‑foot industrial building at 12880 Moore Street to a tenant described in staff materials as doing business as Revolve Clothing.
Deputy city manager Ryan Carey told the council the lease would…
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