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11/05/20
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Newegg, an American online retailer of items including computer hardware and consumer electronics, inked a 100-month lease for a 276k sf industrial facility in the Inland Empire. The deal value was not given out.
The facility is located at 2653 South Milliken Ave, west of I-15 and just north of the 60 Fwy in Eastvale. Situated within South Milliken Distribution Center, the Class A facility was just built in August 2020 by Newcastle Partners, the development manager on behalf of the ownership, a Bentall GreenOak-led entity.
South Milliken Distribution Center features 36 dock-high doors, two grade-level doors, 6.3k sf of office space, 36’ clear height, 46 trailer stalls, 176 car parking spaces, and is LEED Silver-certified, among other features. It provides immediate access to the 10, 15, and 60 freeways.
Mike Wolfe, Ken Jones and Joe McKay were responsible for leasing the facility on behalf of the ownership. Michael Fowler, Robert Tamillo, and Eric Chou of JLL represented Newegg, who has just taken occupancy of the space this month.
“This facility provides Newegg with all features needed to conduct a streamlined warehouse and distribution process that will enable the company to expand its sales and fulfillment activities throughout the United States,” said Jackson Smith, Partner with Newcastle Partners.
Smith added, “The demand for industrial product throughout the Inland Empire continues to grow, especially for large users, as more and more consumers look to buy online products. This region provides logistics-oriented businesses with a more economical alternative, as well as large facilities that are few and far between, as compared to nearby Orange, San Diego and Los Angeles counties.”
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