November 19, 2021 9:00 AM
星空体育app下载[1] announced it has completed two major industrial leasing transactions in the Inland Empire, totaling over 600,000 square feet. 星空体育app下载 Executive Managing Directors Ron Washle and Mark Kegans arranged the transactions.
The first transaction was DNA Motor鈥檚 350,000-square-foot lease at 20301 E. Walnut Drive North in City of Industry, California. Washle, Kegans and 星空体育app下载 Managing Director Jim Center represented the landlord, Lamps Plus. 星空体育app下载 Executive Managing Director Rick Sheckter and Director Johnson Chein represented DNA Motor, Inc. Lamps Plus is the largest lighting retailer in the U.S. and DNA Motor is a major supplier of automotive exhaust and lighting products.
20301 E. Walnut Drive North is a 350,000-square-foot warehouse/distribution building featuring cross-dock loading on three sides, 35 dock high positions, nearly 10,000 square feet of office space and 25鈥�-30鈥� warehouse ceiling clearance heights. The property also has prime access to California State Route 60.
The second transaction was DCG Fulfillment鈥檚 lease with landlord Dermody Properties for 258,737 square feet at LogistiCenter at Rialto II, located at 1645 W Renaissance Parkway in Rialto, California. Washle and Kegans represented DCG Fulfillment, a family-owned third-party logistics provider based in the Inland Empire.
LogistiCenter at Rialto II is a 258,737-square-foot warehouse/distribution building located in the Renaissance Rialto master planned development. The property completed construction in January 2021 and is strategically located between the I-210, I-15, and I-215 freeways offering easy access to Southern California and the Western U.S.
鈥淥ur team was pleased to complete these transactions among the unprecedented competition for industrial space in the Inland Empire,鈥� said Washle. 鈥淲arehouse and distribution space is in high-demand across the region, with most buildings attracting multiple tenant offers.鈥�
The insatiable demand for industrial space in the region has led to record-low vacancy. According to 星空体育app下载 Research, industrial vacancy in the Inland Empire is now lower than in Los Angeles, registering 1.0% as of the third quarter of 2021. This is remarkable considering the significant amount of new supply added to the market in recent years as well as the fact that Los Angeles is a highly mature infill market with lower drayage costs to and from the ports.
[1] Dba 星空体育app下载 Knight Frank in California
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星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow .
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