ONTARIO, CA-Dal-Tile, a Dallas-based manufacturer and distributor of ceramic and stone tile, and marble and granite slabs, has signed a lease renewal for 410,515 square feet. The industrial space at 3625 Jurupa St. here serves as a regional distribution warehouse for the firm.
Jones Lang LaSalle’s team of executive vice president Sam Foster, managing director Mike McCrary and associate Chris Brandt represented Dal-Tile in the transaction. The property owner, Sares-Regis, represented itself.
“The Inland Empire is one of the country’s highest performing industrial markets, accounting for nearly 30 percent of the total net absorption in 2010,” Foster says. “Despite strong fundamentals, Jones Lang LaSalle was able to negotiate favorable terms enabling Dal-Tile to reduce its rent and extend its lease term.”
JLL could not disclose aggregate lease value at this time. However, the firm did tell GlobeSt.com that asking rates for this size building in this area is approximately $0.30 per square foot per month NNN.
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Natalie Dolce
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.
