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December 15, 2017
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SOUTHERN CALIFORNIA NEWS
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Hardwoods Specialty Products Leases 147k sf Inland Empire Facility

12/01/17

Hardwoods Specialty Products agreed to a 10-year lease for a 147k sf full building in the Inland Empire. The facility is located at 17610 Harvill Ave in Perris, within Harley Knox Logistics Center. The deal value was not disclosed.

Founded in 1926, Hardwood Specialty Products is a premier distributor of hardwood veneers, plywood and solid lumber products, MDF, melamine, particleboard and specialty products in North America. The company will be moving approximately 30 employees into its new space January 1, 2018, which will be used for warehousing, distribution and will-call pick up.

Harley Knox Logistics Center is situated on 8.21 acres and features 104 parking stalls, 26 loading docks, 32” clear height, and a 122’ truck court. Its corporate neighbors include Kraft Foods, Amazon, Lowes, Home Depot and a host of other Fortune 500 companies, and offers direct access to the freeway via the Harley Knox Blvd. on/off-ramp. The property has identity and clear visibility from the 215 Freeway.

Bill Heim of Lee & Associates represented the property owner, Newcastle Partners, in the transaction. J.D. Grave and Ryan Athens of CBRE repped the tenant.

“Newcastle had a substantial amount of interest from good credit large users for this well-located premier industrial facility and determined that Hardwood Specialty Products was the best fit. It is not only a company with a successful history, but is continuing to grow its market share,” said Jackson Smith, Partner with Newcastle Partners. “Ultimately, with this new location, the company will be able to access both a strong workforce and customer base.”

Some of Newcastle Partners’ other current activity in the Inland Empire includes:

• Waterman Industrial Center, a 563k sf facility located at the intersection of Waterman Ave and Dumas in San Bernardino. Construction commenced May 2017 and is anticipated to complete March 2018.

• Construction commencement on Meridian Distribution Center II, which totals 503.6k sf and is situated on a 26.9-acre land parcel at 22000 Opportunity Way in Riverside. The building will be completed in December of 2017.

• Construction commencement on a 71k sf facility situated on approximately 3.6 acres of land at 5490 Schaefer Ave in Chino. The building is scheduled to be completed in December of 2017.




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