BEAUMONT, CA-CT Realty Investors and ICON Health & Fitness recently held a ribbon-cutting and pancake breakfast to celebrate the completion of ICON's new distribution building here in Beaumont, CA. Located at 630 Nicholas Rd., the 600,000-square-foot facility is said to be the largest building ever to be constructed in the Beaumont/Banning area.
The new building was built specifically to serve as the western US distribution facility for ICON, which owns NordicTrack, Pro-Form, Weider, HealthRider and other major fitness brands. Headquartered in Logan, UT, ICON also operates a 600,000-square-foot distribution building in Savannah, GA.
Originally scheduled for an October completion, the building was completed ahead of time and ICON moved in last month. The company will begin distribution services later this month.
CT Realty Investors CEO and president Watty Watson provided an overview of the new facility at the groundbreaking event event and presented plaques to ICON and the City of Beaumont. Watson also introduced Beaumont Mayor Roger Berg, as well as several city council members and other special guests. Also on hand were ICON employees and CT Realty board members and staff.
Watson tells GlobeSt.com that the construction cost of the facility was $20 million. He also notes that ICON's aggregate lease value is $16 million.
ICON Health & Fitness EVP of manufacturing Jay Kirkham welcomed the guests and introduced key ICON employees. Noting that the Beaumont location will employ 140 people, Kirkham said, “We are extremely pleased with the new distribution facility in Beaumont, and are happy to expand our operations and employee base here in the Inland Empire.”
The formal program ended with the ribbon-cutting and a business card drawing for a new Pro-Form Le Tour de France training bike.
The new ICON building is situated on 30.18 acres owned by CT Realty and sits adjacent to two other buildings owned by CT Realty totaling 572,143 square feet on 26.32 acres. Together with the ICON building, the entire CT Realty project totals 1.17 million square feet on 56.5 acres.
Late last year, as GlobeSt.com reported, CT Realty and ICON executed an eight-year lease for the property in a transaction valued at more than $16 million. KPRS Construction Services Inc. of Brea, CA, which built the first two buildings for CT Realty, also served as general contractor for the ICON building with Bank of America providing the construction financing.
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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.
