(Read more on the industrial market.)
REDLANDS, CA-Third party logistics provider Weber Distribution has signed a 10-year, $25.7-million lease for 564,161 sf of space at AMB Redlands Distribution Center, according to Lee & Associates. AMB is represented by Bill Heim, Eloy Covarrubias and Eric Hutchins from the Ontario office of Lee & Associates on the 1.3-million-sf building, which is located at 1651 California St.
Heim comments that the lease “continues to lend creditability to the burgeoning Inland Empire East marketplace for logistic expansion,” thanks to the location's immediate access to the Interstate 10 and 210 freeways. The Weber lease leaves 749,309 sf of space available in the building.
Scott Recknor of AMB Property Corp. and Lee & Associates negotiated the lease with Weber Distribution, which was represented by Chuck Belden and David Hasbrouck of Cushman & Wakefield. Weber provides companies with warehousing, transportation, value-added and distribution services throughout the Western US.
Gene Reilly, AMB's president for North America, notes that the Redlands Distribution Center is being designed with “state-of-the-art waste conservation, lighting and water systems.” Reilly points out that these features are compatible with Weber Distribution's own sustainability initiatives.
The facility attracted Weber for several reasons, according to Bill Butler, the logistics firm's president and CEO. Butler says that in addition to the building's environmentally-responsible design specifications, the large footprint enables Weber to consolidate from other smaller buildings.
The Weber lease follows earlier deals in the Inland Empire by AMB that have included its recent purchase of 400 acres in the High Desert community of Adelanto that can accommodate up to seven million sf of industrial development at a project called AMB Adelanto Gateway Logistics Center. The High Desert region of Southern California is an area where market watchers have been saying that distribution space will develop as other areas of the Inland Empire run out of land for big box distribution facilities.
According to Reilly, AMB's strategy in the Inland Empire has resulted in 100% occupancy in its operating facilities. As of June 30, the San Francisco firm's presence in Southern California totaled more than 21 million sf of operating and development properties.
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.