NAI Capital Negotiates 400,935 SF Lease for New State-of-the-Art Distribution Center in Moreno Valley, CA
Pasadena, CA – February 26, 2019 – Senior Vice President Robert Stover with NAI Capital’s Pasadena office negotiated a long term, 400,935 square foot, lease on behalf of an undisclosed tenant at 15810 Heacock Street in Moreno Valley, California. The landlord, Duke Realty, was represented by Cushman & Wakefield. The transaction is valued at $23,000,000.
15810 Heacock Street is a new state-of-the-art distribution facility situated on 19.14 acres. The facility is in a central location, along the I-215 Corridor and SR-60 freeway with proximity to March Air Reserve Base. Built in 2017, the building features cross dock loading, 36' minimum warehouse clearance, approximately 3,228 SF of office space with a 12 ft. ceiling, and two fully secured truck courts. In 2018, the project was LEED certified from the U.S. Green Building Council.
The tenant is a California-based e-commerce industry leader with a global clientele.
Bob said, “This is a long time, valued client with whom I’ve worked since it was in its infancy. I’m proud to represent them now and to see that they have become a world-wide enterprise with global capabilities.”
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, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals 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
Founded in 1978, NAI Global is a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,700 professionals located throughout North America, Latin America, Europe and Asia Pacific. The firm manages over 380 million square feet of property on behalf of its clients, globally. The NAI Global Capital Markets Group serves the largest institutional owners of and investors in commercial real estate.
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.
# # #