RANCHO CUCAMONGA, CA-Reusable Container Corp., a subsidiary of IFCO Systems N.A., has signed a lease renewal for 100,876 square feet here. The total consideration was 60 months for approximately $1.7 million.
Frank Geraci, Walt Chenoweth, Patrick Wood and Juan Gutierrez of Voit Real Estate Services’ Inland Empire office represented the lessee, a company that supplies its customers with reusable plastic containers used to transport fresh products from producers to leading grocery retailers.
“We anticipated that rental rates were going to increase, so we began negotiating with the landlord more than a year before the lease was set to expire in order to solidify a favorable deal for our client,” says Geraci, executive vice president of Voit’s Inland Empire office. “The Inland Empire industrial market is continuing to improve with ongoing positive absorption and declining vacancy rates, and this transaction is an example of Voit’s ability to leverage the direction of the market in order to produce a positive outcome for our clients.”
The lessor, DCT Industrial of Newport Beach, CA, represented itself in the transaction.
The property is located at 8950 Rochester Ave. near the 15 Freeway in the heart of Rancho Cucamonga, CA.
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Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
