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5/17/21
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Kenco Logistics, one of North America’s leading third-party logistics (3PL) providers, leased 397.4k sf of space at Perris Gateway Commerce Center in Perris.
The building, located at 1301 Harley Knox Blvd, features a 4.7k sf spec office, 32-foot clear height, a large, secured yard with excess auto and trailer parking, 49 dock-high and two grade-level loading doors and an ESFR sprinkler system. Situated at a signalized entrance and exit, the property provides immediate access to I-215 and SR-60 Freeways.
This location will serve as a new multi-client distribution center, enabling Kenco to support customers’ supply chains through the latest solutions and services. Its proximity to Los Angeles and scalable size made the facility an ideal fit to drive significant growth.
Ron Washle and Mark Kegans with Newmark, along with Jimmy Glascock of JDK Real Estate, represented the tenant, Kenco Logistic Services.
The Inland Empire industrial vacancy rate hit a record low in the first quarter with robust leasing activity from the last nine months of 2020 carrying over into 2021, according to Newmark Research. Construction activity was up 36.2% from year-end 2020, and quarterly net absorption was substantially higher than the 20-year average of 4 msf. With the post-pandemic labor market recovery and swift growth of e-commerce sales, the forecast for a big-box logistics corridor like the Inland Empire is highly bullish.
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