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5/05/16
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Ascena Retail Group Inc signed a 10-year lease for a 582.8k sf industrial building in Riverside. Ascena, a leading specialty retailer, will move into the building, located at 7295 San Gorgonio Dr, north of Alessandro Blvd and west of I-215, on July 1 of this year.
The industrial building, on 30.25 acres of land, features 32’ minimum clear height, 84 dock high loading doors, 100 trailer parking stalls and ESFR sprinkler system. The location benefits from immediate access to the 215 and SR-60 freeways. Corporate neighbors include Sysco Corporation, Walgreen’s, Lowes Hardware, Kia Motors North America, among others.
Western Realco recently completed construction of the industrial building on behalf of Alessandro Partners LLC. The owner was represented by Chuck Belden of Cushman & Wakefield and James Panting of Commercial Realty Advisors. The tenant was represented by Mike McCrary, Peter McWilliams and Nicole Welch of JLL. The transaction marks the retail group’s first West Coast distribution center for their Western U.S. stores. Western Realco was hired by Alessandro Partners LLC to develop and market the building as well as lead lease negotiations.
In addition to development of this new industrial building, Western Realco has completed and marketed 790k sf of industrial space in the Inland Empire West during the last 18 months and currently has 1.3 msf under construction in the Inland Empire East.
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