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December 2, 2023
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INLAND EMPIRE NEWS
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Ricoh USA Leases 374k sf Inland Empire Facility

2/25/21

Ricoh USA Inc signed a lease for a 373.8k sf industrial facility in Rialto. Terms of the deal were not disclosed.

Ricoh an information management and digital services company, plans to use the warehouse for light assembly and distribution. Located at 1920 West Baseline Rd, the building features 32-foot clearance height, skylights, 49 dock-high loading doors and 69 trailer parking spaces.

Matt Moore, Wills Allen and Wes Hunnicutt have worked with Ricoh for the past four years and advised them in this transaction. Newmarkís Global Corporate Services Global Strategy team represents Ricoh nationwide. The landlord, Prologis, was represented by Colliers.

According to Newmark Research, the Inland Empire industrial marketís net absorption reached 24.6 msf in 2020, on par with 2019ís total. Vacancy has remained below 5% for 34 consecutive quarters, despite the 152.5 msf in construction deliveries over this period. The forecast for 2021 is very bullish, based on the IEís current market fundamentals and the progressive recovery in local and national labor markets.





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