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November 12, 2019
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SOUTHERN CALIFORNIA NEWS
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Two Tenants Lease Up 250k sf Ontario Facility

7/03/19

Airport Distribution Center, a 250.2k sf industrial building in Ontario, has been fully leased by two tenants - Esperia Holdings LLC and Technical Consumer Products Inc. The facility is located at 5700 E. Airport Dr, at the southwest corner of Airport and Etiwanda Ave.

The industrial warehouse features front and rear offices, as well as a small shipping office totaling approximately 10,662 square feet. Built in 1989, other building features include 28’ minimum warehouse clearance, 42 dock high doors, ESFR fire sprinkler system, and a large fenced truck yard.

The property is owned by Alere Property Group LLC, who decided to split the original building into two units as the rents for dividing it commanded 15 to 20% higher rental rates. Alere was represented in the deals by Mark Kegans and Ron Washle with Newmark Knight Frank.

Lee & Associates’ John Seoane represented Esperia Holdings LLC, who took 103.4k sf of space. JLL’s Tim O’Rourke repped Technical Consumer Products Inc in its lease for 146.8k sf.

According to NKF research, the Inland Empire continues to lead other national markets in industrial absorption. Market-wide industrial vacancy in the Inland Empire remained under 5% for the 24th consecutive quarter, while rent set a new record high.






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