(Save the date: RealShare Industrial 2012 comes to The Banker's Club, Miami, December 5 - 6.)
REDLANDS, CA-Medline Industries, a privately held national manufacturer and distributor of healthcare supplies and services, has signed a lease with BlackRidge Real Estate Group/Verde Realty to fully occupy a 147,677-square foot industrial building here at 1455 Research Dr. The tenant will use the building for distribution operations.
Juan Gutierrez, a senior associate, worked with Frank Geraci, Walt Chenoweth and Patrick Wood—all from in Voit Real Estate Services’ Inland Empire office—to represent BlackRidge in the transaction, while Medline was represented by Chuck Belden of Cushman & Wakefield. The lease represents an expansion for the tenant, who was seeking additional warehouse space in close proximity to its existing 405,000-square-foot distribution center in San Bernardino.
“The property is a class-A warehouse within a master-planned business park, which is especially attractive to tenants in the current market,” said Gutierrez in a prepared statement. “Leasing activity is on the rise in the Inland Empire, and the supply of large, class-A product continues to tighten.”
As GlobeSt.com previously reported, in June BlackRidge represented owner BAL Freeway Associates in a lease-extension transaction with tenant PPR Repipe at 5525 Gibraltar, a 20,000-square-foot facility in Ontario, CA. Robert Ritschel, SVP with the Saywitz Co., represented the tenant, a manufacturer of fabricated pipe and pipe fittings for the plumbing, air conditioning and heating industry.
Also as GlobeSt.com previously reported, Robert Voit, chairman and founder of Voit, received a Lifetime Achievement Award during RealShare Orange County in Irvine, CA, last week, an event sponsored by ALM Real Estate Media Group, the parent company of GlobeSt.com. Voit recently chatted with GlobeSt.com about his secrets to success, lessons for CRE newcomers, and his overall thoughts on which product types he sees as the right ones to focus on for the next year or two.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
