Terms of the deal were not disclosed, but sources familiar with asking rates and comparable deals estimated the value of the lease at $6.7 million.
The building owner, ProLogis real estate investment trust of Aurora, Colo., says USF will use the rail-served facility to support its customer, The Holmes Group, an appliance manufacturer.
Damian McKinney and Ed Bushor of San Diego-based eRealty Commercial represented USF Logistics. ProLogis represented itself. The Ontario property is part of a 6 million-sf ProLogis portfolio in the Inland Empire, which includes Riverside and San Bernardino counties.
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.
