The tenant, Calico Brands, has inked a $9-million agreement to occupy the 228,423-sf building, which is located at 2055 S. Haven Ave. The new space will allow the company to expand its import-export business.
Calico Brands was represented by Bryan Miller of Lee & Associates–Orange Inc. and Jeff Smith of Lee & Associates–Ontario Inc. Ron Walshe and Mark Kegans of Grubb & Ellis acted on behalf of the lessor, Kensington-Ridge, Ontario.
According to a recent report by Grubb & Ellis Co., the Inland Empire's industrial market is attractive to both small and large users. As the report points out, the market offers users of all sizes two key advantages: "a wide range of new product as well as rental rates well below those found in other Southern California markets."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
