Inland Empire Industrial Market Scores Another Large Lease
- Nov 13, 2015
The Inland Empire of Southern California continues to be the place to be for industrial space.
The Prologis Rancho Cucamonga Distribution Center has brought on a major tenant. The leasing agreement was arranged by JLL who worked on behalf of Custom Goods, a third party logistics company that is doubling its presence in the Inland Empire. JLL representatives Louis Tomaselli and Jordan Quinn handled the deal on behalf of Custom Goods, while Prologis was represented internally by Travis Durfee and Tyson Chave.
Located at 8369 Milliken Ave. in Rancho Cucamonga, the distribution center offers a total of 441,970 square feet of office space with 51 dock-high doors and two dock-in doors, as well as a 7,500-square-foot office building. Also part of the package are 177 auto parking stalls as well as an ESFR sprinkler system and 201-foot truck court depth. The Center is conveniently located in the proximity of important transit lines such as the 10, 15 and 60 freeways, as well as the Ontario International Airport.
The Inland Empire is experiencing one of its strongest years in terms of industrial and distribution space. Absorption is at an all-time high while vacancy has gone up only incrementally in spite of the large amount of space coming online in the market—about 8.7 million square feet of space in the third quarter of 2015.
Image courtesy of Custom Goods