(Read more on the industrial market.)
FONTANA, CA-Denver-based DCT Industrial Trust Inc. has signed furniture importer Crown Mark to DCT's entire 221,840-sf Meyer Canyon building, a bulk distribution facility that DCT Industrial recently acquired and redeveloped. Crown Mark, based in Houston, has signed for 64 months at the building.
The lease marks the beginning of the furniture importer's expansion into Southern California, according to Joseph Ngo, president of Crown Mark. Ngo says that Meyer Canyon's location will provide Crown Mark with direct access to major highways, airports and ports.
Daryl Mechem, DCT Industrial's managing director of property operations, comments that the lease validates the Denver firm's decision to increase its presence in Southern California, where industrial leasing remains strong. As of June 30, DCT owned 1.4 million sf and had almost three million sf under development or predevelopment in Southern California.
Crown Mark was represented by Tim O'Rourke and Jackie Baker of the Staubach Co. DCT Industrial was represented by Chuck Belden and Kyle Kehner of Cushman & Wakefield.
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.
