Leasing

EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metallizing technology at the building located at 12 Daniel Road.

The lease is the company's third facility in the Inland Empire, bringing its total footprint to 1 million square feet in the market.

The strong leasing momentum is a direct result of the comprehensive capital improvement program Accesso completed at 2626 Cole, an important catalyst that has brought total occupancy to 95%.

Office floors with a private terrace generate higher premiums, roughly 14% over non-terrace floors.

The redevelopment of the shopping center, now known as "Fishtown Crossing," will create approximately 18,000 square feet of new retail space.

The deal with Shell TechWorks is the first lease signing at the 230,000-square-foot office building that broke ground in June 2018.

The Lake Point Tower Condominium Association Board in a unanimous vote, as well as a supermajority of unit owners, recently adopted two amendments to prevent the building from being changed back into apartments.

The 230,000-square-foot office property at 25 Vreeland Road was acquired by ACG, according to Colliers International Group, Inc., which represented both the buyer and the seller in the transaction.