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November another high-flying month at Ontario International Airport

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Airport entered holiday season with fifth straight month of double-digit gains

NEWS RELEASE — ONTARIO, Calif., Dec. 23, 2019 — Southern California’s Ontario International Airport (ONT) continued to attract more air travelers in November as total passenger volume rose by 10%, the fifth straight month of double-digit growth. For the year, ONT has welcomed more than 5 million customers.

Passenger volume in November topped 501,000, with 475,000 domestic travelers and 26,000 international passengers – increases of 10.1% and 8.8%, respectively, over the same month last year. November was also the third month of 2019 in which the number of passengers who flew through ONT totaled more than a half-million.

From January through November, more than 5 million passengers arrived and departed ONT, an increase of 8.4% over the same period of 2018. Of those, nearly 4.8 million were domestic fliers while almost 275,000 were international travelers, increases of 7.2% and 35%, respectively.

The November report comes just two weeks after ONT earned the designation as the fastest growing airport in the U.S. for the second year in a row by Global Traveler, a leading industry publication geared to frequent business and luxury travelers. Ontario also holds the designation of favorite alternative airport in the U.S., according to popular web publication Trazee Travel.

“We continued to see robust passenger gains in the run-up to the Thanksgiving and winter holidays, showing that Ontario is an attractive destination airport, especially at times when other airports can be congested and the travel experience stressful,” said Mark Thorpe, chief executive officer of the Ontario International Airport Authority. “Ontario has quickly made a name for itself as an appealing gateway to Southern California, offering first-rate facilities and services along with a hassle-free customer experience.”

Last week, Frontier Airlines announced a significant expansion of service through ONT adding nonstop flights to Newark, Miami and Las Vegas beginning in April, with new international routes to El Salvador in May and Guatemala in June. With the new flights, air travelers will be able to reach more than two dozen destinations via nonstop service from ONT. Frontier currently flies to its home base in Denver, Austin and Orlando from Terminal 2.

Shipments of commercial freight also continued to grow by more than 5% to 66,000 tons in November, while mail volume declined almost 26%. Overall, cargo increased 4.2% for the month.

From January through November, cargo volume increased 2.5% to almost 700,000 tons based largely on gains in commercial freight of 3.6%. For the year, mail shipments decreased 23% compared to 2018.

Nov.

2019

Nov.

2018

%

Change

YTD

2019

YTD

2018

%
Change

Passenger Traffic

Domestic

475,453

431,955

10.1%

4,794,636

4,471,482

7.2%

International

26,186

24,067

8.8%

274,307

203,239

35.0%

Total

501,639

456,022

10.0%

5,068,943

4,674,721

8.4%

Air Cargo (Tons)

Freight

66,319

63,122

5.1%

671,817

648,325

3.6%

Mail

1,338

1,807

-25.9%

21,116

27,482

-23.2%

Total

67,657

64,928

4.2%

692,933

675,807

2.5%

About Ontario International Airport Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers. Located in the Inland Empire, ONT is approximately 35 miles east of downtown Los Angeles in the center of Southern California. It is a full-service airport with nonstop commercial jet service to 22 major airports in the U.S., Mexico and Taiwan, and connecting service to many domestic and international destinations. There is an average of 72 daily departures offered by nine air carriers. More information is available at www.flyOntario.com. Follow @flyONT on Facebook, Twitter, and Instagram

About the Ontario International Airport Authority (OIAA) The OIAA was formed in August 2012 by a Joint Powers Agreement between the City of Ontario and the County of San Bernardino to provide overall direction for the management, operations, development and marketing of ONT for the benefit of the Southern California economy and the residents of the airport’s four-county catchment area. OIAA Commissioners are Ontario City Council Member Alan D. Wapner (President), Retired Riverside Mayor Ronald O. Loveridge (Vice President), Ontario City Council Member Jim W. Bowman (Secretary), San Bernardino County Supervisor Curt Hagman (Commissioner) and retired business executive Julia Gouw (Commissioner).

 

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

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Stockbridge Acquires 540,478 SF Inland Empire Industrial Portfolio for $142MM

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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.

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Stater Bros. Charities and Reyes Coca-Cola Bottling Give Back to Military Families

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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.

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BDK Logistics Intelligence Fully Leases 114,190 SF Industrial Facility in Corona, CA

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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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