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11/12/15
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Custom Goods has agreed to a lease for 442k sf of industrial space in Rancho Cucamonga. The transaction, which enables the firm to double its warehouse and distribution capacity for its clients in the region, is at 8369 Milliken Ave, within at Prologis Rancho Cucamonga Distribution Center.
Custom Goods is one of the larger third-party logistics firm in the region. The company also operates eight other distribution facilities in Southern California.
JLL's Louis Tomaselli and Jordan Quinn represented Custom Goods. The landlord, Prologis, was repped in-house by Travis Durfee and Tyson Chave. Terms of the transaction were not disclosed.
“The Prologis building in Rancho Cucamonga provided Custom Goods an opportunity to double their warehouse and distribution capabilities and remain within the Prologis portfolio, providing the maximum flexibility available from a global landlord for the ever changing 3PL sector,” said Tomaselli. "The building also provides over 100 trailer parking spaces, a key competitive advantage in the Southern California market where the Ports of Los Angeles and Long Beach charge heavy fees for containers parked at the docks 24 hours after unloading."
According to Tomaselli, "this lease and the millions of square feet pending in the traditionally record setting Q4 time period, lends support to JLL's First Look at U.S. Industrial, which predicts that tenant requirements will exceed new construction by a factor of 2.3x.”
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