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REDA and Clarion Partners LLC Complete 1.245-Million-Square-Foot Lease with Uline, Inc.

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REDA and Clarion Partners LLC Complete 1.245-Million-Square-Foot Lease with Uline, Inc.

April 13, 2020, Ontario, CA – REDA, a Southern California-based opportunistic real estate investment and development firm, and Clarion Partners, LLC, have announced completion of a 1,245,000-square-foot lease with Uline, Inc. at Ontario Ranch Logistics Center located at 4815 South Hellman Ave. in Ontario. Uline, a family-owned business, is the leading distributor of shipping, industrial and packaging materials to businesses throughout North America.

The lease represents a consolidation of several Uline locations throughout the Inland Empire. Uline was represented by CBRE’s Dave Desper and Joey Sugar. Spec construction on the new building that will house Uline was initiated in January 2020. Vertical construction will commence in July with completion set for September 2021. REDA also plans to begin spec construction on a 115,000-square-foot building in the business park.

Uline is the second tenant announced for Ontario Ranch Logistics Center. In mid-2019, REDA signed Kimberly Clark to the entire 1,180,908 square feet of space in Building 1. Kimberly Clark is an American multinational personal care corporation that produces mostly paper-based consumer products. The corporation moved into the now-completed industrial building as of March 2020.

“The lease activity with such strong firms as Uline and Kimberly Clark further reinforces the dominance of the Inland Empire market, especially as it relates to e-commerce. We had significant interest in this building and overall see that level of interest continuing for buildings of this size,” said REDA Co-Founder and Principal Jason Krotts. “Even when considering the economic impact of COVID-19, economists have continued to assert that e-commerce will remain a strong real estate segment. Moreover there is already discussion of a growing interest in reshoring manufacturing operations to the U.S. which would also benefit industrial development in this market.”

Ontario Ranch Logistics Center is a 124-acre multi-phase industrial development. The first phase of the project, including Building 1, broke ground in January 2019. The second phase includes Building 2, now home to Uline. Upon completion the entire logistics campus will encompass 2.6 million square feet of state-of- the-art industrial space in six buildings. The next phase of speculative development of the Ontario Ranch Business Park, a 115,000-square-foot building, is slated for early 2021. Ontario Ranch Business Park features state-of-the-art buildings that include ESFR sprinkler systems, 32’–40’ minimum clear heights, LED warehouse lighting and concrete truck courts greater than 180 feet in a cross-dock configuration, perfect for e-commerce of high velocity distribution. Ontario Ranch Logistics Center is a development by REDA and Clarion Partners, LLC. All told, the partnership is in planning stages of futures phases of development in the immediate area totaling in excess of 6 million square feet.

“We are pleased that Uline has chosen to invest even further in the City of Ontario,” said Ontario Mayor Paul Leon. Leon added, ”The consolidation of Uline’s various locations to Ontario speaks to the strong partnership between their company and the City—something we are very proud of at City Hall.”

To underscore current market dynamics, CBRE recently reported that the impact of COVID-19 is likely to accelerate the expansion of e-commerce activity as consumers reconsider visiting retail stores given social distancing guidelines. The report further notes that while it is too early to see the impact in local real estate markets increased demand for online retailers is likely to drive further absorption throughout the GLA/OC/IE region. Already, many prominent e-commerce companies are operating at a greater capacity than peak holiday season. Several major e-tailers have announced plans to expand their workforce, and the most prominent e-commerce brand is looking to hire an additional 100,000 workers nationwide.

 

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

By Press Release

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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Hernandez resigns as County CEO; Snoke will continue filling in pending Board action

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Leonard X. Hernandez resigned from the post of County Chief Executive Officer effective today. County Chief Operating Officer Luther Snoke has been filling in for Hernandez while Hernandez has been on leave and will continue to do so. The Board of Supervisors will act to appoint an interim or permanent CEO shortly.

“The Board of Supervisors appreciates the service Leonard provided to the public and the County organization, especially as we navigated our way through the pandemic and other very difficult challenges,” said Board of Supervisors Chair Dawn Rowe.

Hernandez provided the following statement:

“It has been an extreme privilege to serve as the Chief Executive Officer of San Bernardino County. I am thankful to the Board of Supervisors for their leadership and the hard-working men and women who do amazing work every day. Due to an urgent family health issue that requires my immediate and undivided attention, I have informed the Board of my resignation. Under the strong leadership of the Board of Supervisors and the County’s executive team, the County will continue doing great things for the residents of San Bernardino County.”

“The Board of Supervisors is committed to a seamless transition in staff leadership with no interruption in County services or impact on County residents or employees,” Rowe said. “Luther has performed well filling in for Leonard and I am confident in his ability to continue serving in this role until the Board takes action.”

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