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Industrial Users Grab 343,000 SF

ORANGE COUNTY, CA-A third-party logistics provider and a container company sign leases for 100,000 sf and 243,000 sf, respectively. The long-term pact carries a $3-million value while the short-term deal is pegged at $1 million.

By Bob Howard | Updated on July 17, 2003

ORANGE COUNTY, CA-Industrial and warehousing firms in Santa Ana and Corona have signed $4 million worth of leases for 343,000 sf of distribution space in another sign of what industry sources say is a steady if not spectacular industrial leasing market in the county.

Monarch Distribution Services, a third-party logistics provider, will relocate its Santa Ana-based headquarters and primary warehouse from 515 E. Dyer Rd., where it has been for the past nine years, to 2001 Dyer Rd. after signing a 66-month lease valued at $3 million. Jeff Chiate and Rick Ellison of Cushman & Wakefield in Irvine represented the building owner, Rock Valencia LLC of Southern California, with the tenant represented by Phil Cohen of CB Richard Ellis Inc. in Newport Beach.

Monarch, which provides contract warehousing for importers, exporters, club stores and businesses in the hardware, health care, and high technology industries, will occupy 100,000 sf of the 363,000-sf building, which was built in 1974. Monarch also maintains warehouses in Irvine and the City of Industry.

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