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7/11/12
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Reusable Container Corporation signed a new $1.6 mil, 52-month lease for 100k sf ($0.31/sf/mo) in Rancho Cucamonga. The firm’s space is located at 8950 Rochester Ave, south of Foothill Blvd and just west of the I-15. The property is within Rancho Technology Park, near the 10 and 15 freeways.
Reusable Container Corporation, a subsidiary of IFCO Systems N.A., already occupied 101k sf within the building since 2003, and was seeking additional space to accommodate its expanding manufacturing operations. With this new lease, the company will fully occupy the 201k sf building.
Frank Geraci, Walt Chenoweth and Juan Gutierrez of Voit Real Estate Services represented Reusable Container Corporation, which manufactures and distributes reusable plastic containers used to transport fresh produce from producers to leading grocery retailers, as well as the property owner, DCT Industrial Trust. According to Geraci, the 100k sf of space was not yet available for lease, but they were able to structure a lease agreement before the space ever hit the open market.
“This deal was a win-win for both parties. The landlord now has a long-term, high-quality tenant occupying the entire building, and the lessee successfully expanded while remaining in a location that has proven to be a good fit for its operations,” commented Geraci.
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