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INLAND EMPIRE NEWS
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Cup Manufacturer Fills Up Chino Biz Park with Lease for 522k sf Facility

3/31/15

Solo Cup Company, one of the world’s leading manufacturers and distributors of paper and plastic single-use consumer products, has leased a 522k sf state-of-the-art industrial facility at Empire Gateway in Chino, bringing the 2.1 msf business park to fully leased just a short time after it was completed. Solo, which will use its building to warehouse and distribute its products, signed a five-year lease worth $14.5 mil ($0.46/sf/mo).

Colliers International Senior Executive Vice Presidents Tom Taylor and Steven Bellitti, plus Vice President Josh Hayes and Associate Summer Coulter, acted as the development’s exclusive leasing agents in this deal. Newmark Grubb Knight Frank brokers Rob Hughes, Mark Kegans and Ron Washle represented Solo in the transaction.

At the time ground was broken on the much-anticipated, multi-building project in August of 2013, it ranked as the largest speculative industrial development in the western United States, according to Colliers. Tenants soon began to sign up and now include, in addition to Solo, Cargo Solutions, Euro-Pro and an international tire company.

Developed for Invesco Real Estate by Sares Regis Group, the four-building development was delivered to the market in second quarter of 2014 and is comprised of all LEED-certified buildings in a marketplace where demand has been so strong that vacancy rates among Class A buildings in this category of commercial real estate has been hovering near 3 percent, according to officials of both SRG and Colliers.

Located on the site of one of Chino’s former dairy farms, the development’s 125-acre parcel was one of the last of its size zoned for so-called “Big Box” development, which when compared to the balance of the Inland Empire, offers much closer accessibility to major centers of population and commerce, including the all-important ports of Los Angeles and Long Beach.

“This will be one of last large scale Class A ‘Big Box’ developments any of us will see this close to metropolitan Los Angeles,” said Colliers’ Taylor. “There just isn’t any more land available for a development of this scale and scope until you get out to the easterly reaches of the Inland Empire where developers are now turning their attention.”

Solo’s new building includes 63 dock-high loading doors and two ground-level doors with parking available for 134 truck-trailers at any given time. The two largest buildings at the development are 779k sf and 658.8k sf, and both feature cross-dock loading. The first building includes 134 dock-high loading doors, four ground-level loading doors, and spaces for 200 semi-truck trailers. The second building feature 116 dock-high loading doors, four ground-level loading doors, and spaces for 159 trailers.






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