POMONA, CA-New Jersey-based Gilbert USA—a leader in supply chain services for the retail sector—has signed a 343,954-square-foot warehouse distribution facility lease here at 2849 Ficus St. in Pomona, CA. The deal launches the firm’s West Coast Operations.
360 Commercial Partners managing partner Louis Tomaselli represented Gilbert. Cushman & Wakefield represented LBA Realty in the transaction.
“This transaction powerfully illustrates the growing recovery in Southern California’s industrial real estate market,” Tomaselli says. “When such industry leaders as Gilbert USA are looking to establish a significant presence here—and institutional real estate players like LBA Realty come to the table ready to transact, it’s a sign that the market is strengthening.”
360 Partners could not provide further lease terms such as aggregate lease value at this time. The 24-month lease was structured to allow Gilbert USA to immediately occupy a 205,185-square-foot portion of the distribution warehouse—and also to extend and/or expand the lease to an additional 117,632 square feet of warehouse by year-end 2012.
“Louis Tomaselli and 360 Commercial Partners were the makes-sense commercial real estate team for us when it came to our West Coast launch,” says Gregg Prisco, president of Gilbert USA, in a prepared statement. “We knew that they would leverage their extensive experience and network in the regional market, as well as in the logistics sector, to our greatest advantage - and they delivered.”
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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.
