By Press Release
Jennifer O’Farrell, Chief External Affairs Officer for Big Brothers Big Sisters of Orange County and the Inland Empire, Wins 2023 Woman of Achievement Award for the Inland Empire Community Foundation
Jennifer O’Farrell, Chief External Affairs Officer for Big Brothers Big Sisters of Orange County and the Inland Empire, Wins 2023 Woman of Achievement Award for the Inland Empire Community Foundation
Big Brothers Big Sisters of Orange County and the Inland Empire is proud to announce that its Chief External Affairs Officer, Jennifer O’Farrell, has been awarded the 2023 Woman of Achievement Award by the Inland Empire Community Foundation’s Women’s Giving Fund.
The Woman of Achievement Award is presented to a woman who has made significant contributions to the Inland Empire community through leadership, innovation, and dedication to creating sustainable impact in the diverse communities of Riverside and San Bernardino Counties. Jennifer O’Farrell was chosen for this award because of her exceptional leadership in the nonprofit sector, her unwavering commitment to helping children and families, and her tireless advocacy for upward social and economic mobility within the framework of mentoring.
As Chief External Affairs Officer for Big Brothers Big Sisters of Orange County and the Inland Empire, Jennifer has played a pivotal role in expanding the organization’s programs and services to reach more children in need. She has also been instrumental in forging strong partnerships with other community organizations, businesses, and government agencies to create a more supportive and inclusive environment for children and families.
Moreover, Mrs. O’Farrell has long been an advocate for community-driven social impact that empowers underserved and marginalized communities. Even prior to her work with the agency, Mrs. O’Farrell has successfully worked to empower women and girls with skills, knowledge and opportunities for success, thus mentorship was a natural progression in her passion and career.
Today, she continues to champion the cause of mentorship at a local, state, and national level as a proven solution to poverty, abuse, and human trafficking. As a result, she has played a significant role in the formation of milestone legislation such as AB 2669 designed to protect youth while expanding services and opportunities for mentorship.
Mrs. O’Farrell’s leadership has not gone unnoticed, and she has received numerous accolades and honors throughout her career. In addition to the Woman of Achievement Award, Jennifer has also been named 2018 Social Entrepreneur of the Year by Inland Empire Center for Entrepreneurship (IECE) at California State University San Bernardino, and previously honored with the 2014 NAACP Community Service Freedom Award.
“We are incredibly proud of Jennifer and all that she has accomplished,” said Sloane Keane, CEO of Big Brothers Big Sisters of Orange County and the Inland Empire. “She is a true champion for children and families, and her unwavering commitment to our mission has made a profound impact on the communities we serve. We congratulate her on this well-deserved recognition and look forward to all that she will achieve in the future.”
The inaugural award was presented at the March 26th Women’s Giving Fund Spring Fling in Rancho Cucamonga, California.
For more information about Big Brothers Big Sisters of Orange County and the Inland Empire, visit www.iebigs.org.
By Press Release
Stockbridge Acquires 540,478 SF Inland Empire Industrial Portfolio for $142MM
San Francisco based Stockbridge acquires 100% leased assets in premier IE West location
Cushman & Wakefield’s EDSF also sources acquisition financing for transaction
Cushman & Wakefield announced the firm has arranged the sale of a core industrial portfolio totaling 540,478 square feet in Southern California’s premier Inland Empire West (IEW) submarket. The portfolio consists of two freestanding Class A buildings located a few miles apart at 3351 E Philadelphia St and 4450 E Lowell St in the city of Ontario. The buildings are 100% leased to prominent tenants in the distribution and retail industries.
San Francisco based Stockbridge acquired the two-property portfolio from Principal Asset ManagementSM a global financial and investment management firm. The portfolio sold for $142.25 million.
Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group—West represented the seller in the transaction. The firm’s Phil Lombardo, Chuck Belden and Andrew Starnes also provided leasing advisory.
Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance (EDSF) team of Rob Rubano, Brian Share, Joseph Lieske, Max Schafer, and Becca Tse collaborated in sourcing acquisition financing for the transaction.
“Stockbridge has acquired an institutional-quality industrial portfolio with a phenomenal infill location combined with strong tenancy and premium distribution features and functionality. Both properties have maintained a historical occupancy of 100% for nearly a decade speaking to the tenant demand for industrial buildings of this quality and location,” said Jeff Chiate, Executive Vice Chair. “Additionally, with current rents below market rate, the buyer has a compelling mark-to market opportunity along with existing durable cash flow, providing a variety of value-add strategies.”
The properties offer convenient access to Southern California’s robust freeway network and other vital nodes of transit such as Ontario International Airport, the Los Angeles & Long Beach Ports, and LAX International Airport (60 miles). Access to a deep labor pool and robust consumer population also makes the region a superior industrial location.
According to Cushman & Wakefield’s latest industrial market report, the Inland Empire West submarket had a vacancy rate of 5.4% in Q1 2024, representing the tightest submarket in the broader Inland Empire market. Additionally, IEW achieved nearly 1 million square feet of positive net absorption (occupancy growth) in the first quarter of 2024.
By Press Release
Stater Bros. Charities and Reyes Coca-Cola Bottling Give Back to Military Families
Stater Bros. Charities, the philanthropic arm of Stater Bros. Markets, partnered with Reyes Coca-Cola Bottling again this year for their Give Back program during National Military Appreciation Month. The program ran for the entire month of May, during which Reyes Coca-Cola Bottling committed to donating $0.25 per eligible product purchased to the Bob Hope USO. Reyes Coca-Cola Bottling donated $15,000, and Stater Bros. Charities matched their donation for a total contribution of $30,000.
A check presentation occurred during a K-EARTH 101 radiothon benefiting the Bob Hope USO. The radiothon took place at the Bob Hope USO at LAX (Los Angeles International Airport) on June 29, 2023, where Stater Bros. Charities and Reyes Coca-Cola Bottling presented Bob Hope USO with a $30,000 check.
Bob Hope USO’s mission is to strengthen America’s military service members by keeping them connected to family, home and country, throughout their service to the nation. The Give Back program is a unique opportunity to show gratitude and support to the brave men and women who risk their lives for our freedoms and to care for their families while they are away from home on deployment.
“Stater Bros. Markets has a long history of supporting veterans, service members, and their families,” said Danielle Oehlman, Director, Stater Bros. Charities. “We are so pleased to partner with our friends at Reyes Coca-Cola Bottling and the USO to give back to those who have given so much for us.”
Lorin Stewart, President, USO West Region, said, “We are deeply grateful to Stater Bros. Charities and Reyes Coca-Cola Bottling for being sustaining partners of the USO. The Give Back program embodies the essence of the USO mission by enabling the community at large to come together to support and give thanks to our armed forces and their brave military families in an impactful way.”
Funds will support the Bob Hope USO and USO San Diego Center operations, including programs and services that strengthen the social, mental, physical, and emotional well-being of local military service members, their families, and their communities.
By Press Release
BDK Logistics Intelligence Fully Leases 114,190 SF Industrial Facility in Corona, CA
Cushman & Wakefield represents landlord in lease in SoCal’s Inland Empire
Cushman & Wakefield announced that BDK Logistics Intelligence, Inc. has signed a lease for an entire 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California. Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, which was represented by Brett Lockwood and Rick Ellison of Cushman & Wakefield in the transaction.
“We are pleased to welcome BDK to the property as a quality industrial tenant that is expanding its presence in the market, which it also currently occupies multiple warehouse facilities,” said Director Brett Lockwood. “Our client was instrumental in helping this deal transact as there were many variables that needed to be navigated which led to this lease coming together quickly and successfully.”
1161 Olympic Drive is a quality freestanding building situated on ±4.8 acres and features 20 dock high loading doors. The property is conveniently located off Interstate 15 near the confluence of SR 91 and is proximate to the extensive freeway network traversing the entire Greater Los Angeles region and into other major markets in and out of state.
According to Cushman & Wakefield’s latest Q2-2023 quarterly report, the Inland Empire industrial market posted an overall vacancy of 3.4% and has recorded more than 2.7 million square feet of positive net absorption through the first half of 2023.
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