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Kenco Logistics Services Leases 580k sf in the Inland Empire

6/26/19

Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire building at 3900 Indian Ave, within Perris Logistics Center.

This building is an expansion for Kenco, which operates numerous facilities in the greater Inland Empire region. Perris Logistics Center is a state-of-the-art distribution warehouse built in 2014 and owned by Clarion Partners. The building is located near the southeast corner of Ramona Expressway and Indian Avenue.

Ron Washle and Mark Kegans with NKF represented Kenco Logistics Services LLC in the deal. Steve Bellitti and Thomas Taylor from Colliers International repped the property owner, Clarion Partners.

According to NKF, the Inland Empire continues to lead other markets in absorption. Market-wide vacancy remained under 5% for the 24th consecutive quarter, while rent set a new record high. The Inland Empire, located 40 miles to the east of Los Angeles, is Southern California’s last stop for companies to establish distribution or manufacturing centers within reasonable proximity of the nation’s busiest port system. The market contains 73 percent of Southern California’s Class A warehouse inventory, which provides plenty of space options for occupiers to consolidate or expand operations.




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