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NAI Capital Negotiates 92,644 SF Warehouse Lease in Ontario, CA

09/19/2019

Ontario, CA – September 19, 2019 – Senior Vice President Nicholas Chang CCIM, SIOR and Richard Lee, SIOR, Vice President Justin Kuehn and Senior Associate Sione Fua with NAI Capital’s Ontario office along Mike McCrary and Eric Chou of JLL negotiated a long term, 92,644 square foot, lease on behalf of the landlord Upward Pacific, LLC in Ontario, California. The tenant was 51 Delivery, Inc.

1567 & 1607 S. Campus Ave. is a 186,617 square foot two-building industrial campus. 51 Delivery, Inc will occupy the entire warehouse at 1567 S Campus Ave. The property is situated approximately three miles from Ontario International Airport, has excellent access to the San Gabriel Valley and the Greater Los Angeles Area via the 10 and 60 freeways. Other features include a 6,516 SF two-story office, 26’ clear height, 18 dock-high and two ground-level loading doors and a secured yard with 130 parking spaces.

Justin said, “This project is in an outstanding West Ontario distribution location, within proximity to City of Industry, and transportation access to the 10, 15 and 60 freeways.  We are excited to have 51 Delivery, Inc. as a tenant.”

“We continue to see strong demand for large functional facilities in well located distribution markets,”  added Richard. “Tenants are willing to pay for location and quality industrial space.”

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        

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09/19/2019 - 06:00

Source

NAI Capital

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