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1/26/15
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Demand for modern distribution space in the Inland Empire remains strong. In a recent example, Keeco LLC signed a 10-year lease with Prologis for a 677.2k sf industrial facility that is still under construction. The facility, located at 1420 N. Tamarind Ave in Rialto, broke ground this past November and is slated for completion in June 2015.
Michael Chavez of Lee & Associates Ontario and Craig Hagglund of Lee & Associates Oakland represented Keeco in the deal. Paul Earnhart of Lee & Associates Ontario repped Prologis. The transaction value was not disclosed.
The project is located in the ProLogis Park Rialto I-210 Distribution Center and is situated near Interstates 10, 15 and 210. According to Chavez, “Keeco was particularly interested in this state-of-the art facility due to its cross-dock configuration and, more importantly, for its strategic location to the Inland Empire West market, allowing for better access to the Ports of Los Angeles and Long Beach.”
The development will offer 36-foot clear height, a cross-dock configuration and ESFR sprinkler systems. It will be LEED® certified.
Other tenants in the area include Target, Solo Cup, UnderArmour, Black & Decker, and OHL Logistics. ProLogis Park Rialto I-210 which totals 2.62 msf of space.
Currently, Keeco has a 445k sf distribution center in Hayward, located 20 minutes from the Port of Oakland. The firm will be consolidating their 250k sf distribution center operation currently located in Ontario into this new facility. The addition of this industrial space will give Keeco a total of 1.1 msf of distribution operations throughout California.
Keeco LLC is a home textile supplier that specializes in-fashion and basic top-of-the-bed products, window, bed/bath accessories, and patio mats. Prologis is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia.
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