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September 19, 2020
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INLAND EMPIRE NEWS
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Logistics Firm Leases 772k sf Inland Empire Distribution Facility

4/19/18

DCG Fulfillment, a third-party logistics (3PL) provider, has agreed to lease a 771.8k sf distribution facility in Redlands. Located at 1300 California St, the facility is a distribution cross-dock warehouse with 36 minimum warehouse clearance.

Mark Kegans and Ron Washle with Newmark Knight Frank represented the tenant in the lease. The property owner is Black Creek Group. Terms of the transaction, an expansion deal, were not disclosed.

DCG chose this location because it has good freeway access, ample labor supply, and provides a state-of-the-art high-cube warehouse for its customers, said Washle.

To underscore demand for Inland Empire industrial space, in late 2017, Kegans and Washle completed a 1.4 msf warehouse lease in Chino for an undisclosed tenant with landlord Majestic Realty Company. The deal represented the largest single building lease transaction to date since 2014 in Southern California. The tenant will occupy the entire building that is now under construction.

According to NKFs Inland Empire 1Q2018 Industrial Market report, modern space for consolidation or expansion at competitive rental rates remain a selling point for this market. E-commerce will represent 17 percent of total U.S. retail sales by 2022, and this continues to impact tenant demand. Online retailers, 3PLs and transport-related companies remain especially active.





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