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December 15, 2017
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SOUTHERN CALIFORNIA NEWS
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Apparel Manufacturer Leases 443k sf Industrial Facility in Chino

10/13/17

Topson Downs inked a 10-year lease for a newly-constructed, 442.9k sf distribution warehouse in Chino in a deal said to be worth about $30 mil, or $0.56/sf/mo. The building is located at 8986 Remington Ave, west of I-15 and south of Hwy 60.

The property, which was completed in September, is a ground-up development by Watson Land Company, a developer, owner and manager of industrial properties across Southern California and the East Coast. The building is part of the Watson Industrial Park.

Features of the LEED-certified warehouse include 5.6k sf of office space, 80 dock-high and two ground-level ramp truck positions, 36-foot minimum clearance, 100% concrete truck courts, and an ESFR sprinkler system.

Gus Andros and Andrew Lara with DAUM Commercial represented the tenant, a global apparel manufacturer, in the deal. Founded in 1971, Topson Downs produces fashion apparel found in major retailers including Nordstrom, Saks Fifth Avenue, Forever 21, Walmart, Kohl’s, and Urban Outfitters, among many others. Thomas Taylor, Steve Bellitti, Summer Coulter, and Josh Hayes of Colliers International repped the property owner, Watson Land Company.

“Located near the border of Los Angeles County, the Chino submarket has one of the tightest industrial vacancies in the Inland Empire, at just 1.4%,” explains Andros, citing a recent market report from DAUM Commercial. “Given that this asset was new construction in this supply-constrained region, with a state-of-the-art design well-suited to today’s distribution needs, competition was extremely high.”

The tenant was especially drawn to the location of the building, which offers close proximity to five freeways: I-15, SR 60, SR 91, SR 71, and SR 83. Other features include the facility’s easy access to the Ports of Los Angeles and Long Beach, and well as its modern features, which met the tenant’s needs for a cross-docking distribution center, according to Andros.





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