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Duke Realty Locks Up Long-Term Tenant for 1.2 msf Spec Logistics Facility

12/16/21

Lecangs LLC signed a long-term lease for a 1.2 msf, spec logistics development on 55.2 acres in the Inland Empire East submarket, one of the nation’s top industrial markets. The project is scheduled for completion by the end of 2021. The facility is a development of Duke Realty, who has preleased 11 of its last 12 speculative facilities in Southern California.

The new facility provides Lecangs with 40 feet of clear height, 241 dock doors, 344 trailer parking spaces and 442 auto spaces. The facility is being built to LEED® certification standards — meeting requirements for environmentally sustainable construction and site development, water savings, energy efficiency and construction waste management.

“Demand for distribution facilities continues at historic highs across the country and breaks records in Southern California driving up rents and driving down the vacancy rate in Inland Empire to less than one percent,” said Nancy Shultz, senior vice president of Duke Realty’s Southern California operations. “As supply chain challenges continue, we are working diligently and quickly to help alleviate some of the strain for space with our current and planned developments throughout the state.”

Lecangs’ parent company, Loctek Ergonomic Technology Corporation (300729:CH), designs and manufactures the branded ergonomic products, Flexispot, sold at major retailers, as well as their own website. Lecangs, a third-party logistics and fulfillment provider serving more than 100 global customers in 2020, will occupy the speculative development at 728 West Rider St in Perris. This lease deal nearly doubles the company’s current 1.6 msf of distribution space in 15 warehouses across to the U.S, among which, 490k sf are on the West Coast, 210k sf are in the central U.S. and 900k sf are on the East Coast.

Chris DeVries and Ian DeVries from Colliers International, together with Jennifer Whelan from AZ Realty & Investment Corp, represented the tenant. Chuck Belden, Kyle Kehner, Tim Pimentel, Brice Larson, Phil Lombardo at Cushman and Wakefield, together with Duke Realty’s Collin Phillips, repped Duke Realty.




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