Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 27, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Wolverine Worldwide Leases 720k sf Distribution Space in the Inland Empire

3/29/17

Global footwear and apparel company Wolverine Worldwide has leased 720k sf of distribution space in the Inland Empire, at Crossroads Logistics Center in Beaumont, in a transaction initially announced in the second half of last year. The site will serve as a national distribution center for Wolverine and will support the company’s fast-growing e-commerce business.

The Michigan-based company chose Beaumont for their new facility over locations in Utah, Nevada, Arizona and Northern California. The firm’s portfolio of brands includes Merrell®, Sperry®, Hush Puppies®, Saucony® and Wolverine®. Terms of the deal were not disclosed.

The master-planned project, owned by an affiliate of USAA Real Estate Company (“USAA RealCo”) and developed in partnership with McDonald Property Group, is currently under construction and scheduled for completion in June 2017. The initial development will include the installation of automated material handling equipment.

“We are building a state-of-the art facility that well exceeds the typical industrial and logistics product in the market,” said Lange Allen, executive director for U.S. industrial/logistics development at USSA RealCo. “It will feature 40’clear height, 7” Ductilcrete floors, LED interior lighting, and a fully climate-controlled interior.”

The lease will allow Wolverine Worldwide the ability to expand its footprint to 1.3 msf in the future. The development is strategically located in the East Inland Empire at the intersection of the 60 and I-10 freeways and sits between two active ground FedEx facilities. The site features 2.8k sf of freeway frontage.

CBRE’s Darla Longo, Barbara Emmons and Joey Sugar represented McDonald Property Group and USEF I Crossroads LLC, an affiliate of USAA RealCo, in the deal. Raymond Walker of Walker Company repped Wolverine.

“Many parts of the Inland Empire are starting to look very much like an infill market,” said Longo. “The region is mirroring vacancy rates of submarkets farther west, such as Orange County and parts of Central Los Angeles. The need for logistics and warehouse space is the greatest it has ever been. New facilities such as the Crossroads Logistics Center are in high demand because of that.”

The rapid growth of e-commerce has fueled development of warehouses and distribution centers in the 12 primary U.S. inland-port markets at nearly twice the national rate, with the Inland Empire leading the pack, according to a CBRE report. The Inland Empire’s robust infrastructure and its close proximity to two major West Coast ports and the Greater Los Angeles area’s more than 13 million people has been driving record demand for space.

Beaumont has greatly benefitted from this boom. The city provides a healthy blend of high and low-density residential developments, coupled with an increasing mix of commercial, retail and industrial activity, according to CBRE research.







Return to the Archive page
Lone Oak Fund Dec 2014

 
Advertisement

 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media