RANCHO CUCAMONGA, CA—Goodman Group, one of the world's largest industrial property groups says its wholly-owned North American subsidiary, Goodman Birtcher has leased the entire 1.6 million square foot Goodman Logistics Center Rancho Cucamonga to Georgia-Pacific on a long- term lease.
The lease transaction has been signed one month prior to project completion and is one of the largest leases signed on an industrial development in Southern California, in the past 10 years, the firm says.
Georgia-Pacific, a US company based in Atlanta, is a leading manufacturer and marketer of bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals. Beginning in August, a third party management company will operate a distribution facility at the Goodman Logistics Center to support Georgia-Pacific's consumer products business.
“We are delighted to welcome Georgia-Pacific to our LEED certified Goodman Logistics Center Rancho Cucamonga, said Brandon Birtcher, CEO of Goodman Birtcher. “This class A logistics campus typifies our approach to providing flexible, high quality, modern industrial space in strategic locations, capable of meeting our customers' unique operational requirements.”
The center is situated in the Inland Empire West, with excellent access to I-10 freeway, a primary transport route to the Ports of Los Angeles / Long Beach and Ontario International Airport.
The facility is another project of Goodman Birtcher's $1.5 billion development pipeline, providing 15 million square feet of class A logistics space in core US markets including California, Pennsylvania and New Jersey.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
