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8/10/21
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Duke Realty has acquired a 766.2k sf logistics facility located at 2151 Vintage Ave in Ontario. The building, which is in Southern California’s Inland Empire West submarket, is fully leased to Toyo Tire Holdings of America, a subsidiary of Toyo Tire Corporation, one of Japan’s largest tire manufacturing companies.
In addition to its size, Duke Realty’s new building at 2151 Vintage Ave, north of Hwy 60 and east of I-15, boasts 30’ clear height and a 180' truck court. The building also provides immediate access to the I-60, I-15 and I-10.
“This acquisition gives Duke Realty another modern, well-appointed logistics facility in the high-demand Inland Empire West submarket and is consistent with our strategy of growing our portfolio in high-barrier-to-entry Tier 1 markets,” said Mark Crawford, vice president and head of acquisitions for Duke Realty. “Southern California continues to be an area of focus for us because of its potential to provide strong rent growth and solid value for our stockholders.”
The Inland Empire West submarket continues to appeal to companies looking for modern distribution space close to the nearly 15 million residents who live within a 50-mile radius. Vacancy is currently below 1.5 percent.
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