NAI Capital Negotiates 246,608 SF Lease Renewal for Walters Wholesale Electric Company
Ontario, CA January 24, 2019 – Senior Vice President David Moore and Senior Associate Amber Leigh with NAI Capital’s Ontario office negotiated a long term lease renewal for 246,608 square feet on behalf of Walters Wholesale Electric Company. The lease transaction was valued at $24.7M.
Walters Wholesale Electric Company (www.walterswholesale.com) was founded in 1953 by Lester H. Walter. For over six decades Walters Wholesale Electric Company has served the construction industry throughout Southern California. Walters Wholesale Electric Company has 27 locations throughout the region. The key to Walters’ network is their 246,608 square foot distribution center located at 200 N Berry Street in the city of Brea, California.
Walters Wholesale Electric Company warehouses over $20,000,000 of construction material for daily deliveries to their customers. This makes their Brea facility the largest and most capable distributor warehouse in Southern California. The property is in a central industrial corridor with excellent access to the 57, 91, 60 and 51 freeways. John Wayne Airport is just 20 miles away and the San Pedro Bay ports are just 30 miles from the site.
David said, “My client is pleased to have Walters Wholesale Electric Company renew. They are a great tenant and this is an excellent location for them to continue to serve their client base.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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