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1/29/20
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Cali Wine & Vine signed a seven-year lease for 47.8k sf of space in Temecula. The company will use the space, located at 43085 Business Park Dr, as its headquarters, wine-making, bottling, labeling, storage, and distribution services.
The new space is in a 140.4k sf industrial building within Rancho California Business Park and offers Cali Wine & Vine 24-foot clear height, dock and grade level loading, a fenced yard, and office space. The property provides easy access to the 15 Fwy via Rancho California Rd and is just minutes from Old Town Temecula and City Hall.
With this new lease, Cali Vine & Wine is nearly doubling its current space by consolidating and relocating from two locations in Temecula and Lake Elsinore. Move-in is anticipated for August 2020 once tenant improvements have been made which include the addition of ceiling insulation; cooling towers for wine storage; as well as tanks and equipment associated with winemaking.
Cody Lerner and Stan Nowak with Avison Young represented Cali Vine & Wine. The landlord, Oltmans Investment Company LLC, was repped by Carey Pastor of Coldwell Banker Commercial. The lease value was not disclosed.
“Cali Wine & Vine has been experiencing impressive growth over the past few years and needed to expand its operations,” said Lerner. “This building creates the opportunity for them to consolidate into one building to maximize production and efficiencies.”
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