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3/31/21
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Banyan Imports signed a long-term lease for a 203.4k sf industrial building in Ontario. The free-standing distribution building is located at 3351 E. Philadelphia St, within the city’s foreign trade zone.
Building features include 4.8k sf of combined office space, 29-foot dock high doors, a ground-level door with a truck ramp, a fenced and gated yard, 30’ minimum clearance, and immediate access to the SR-60 and I-15 freeways.
Banyan Imports was represented by Richard Lee, SIOR, Nicholas Chang, CCIM, SIOR, Justin Kuehn, and Sione Fua of the Lee Chang Kuehn Fua Group with NAI Capital Commercial’s Ontario office. Newmark represented the Landlord, Principal Life Insurance.
“Our client is a worldwide e-commerce company experiencing accelerated growth,” noted Kuehn. “Coming out of Anaheim, they were thrilled to see the cost savings moving out from Orange County to the Inland Empire."
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