CHINO, CA, Aug. 31, 2011 — Jones Lang LaSalle represented Selco Associates, a full service third party logistics provider, in a new lease for a 93,522-square-foot industrial building located at 14277 Ramona Avenue in Chino, Calif. Selco Associates had been subleasing the space from Las Vegas Express for the past 15 months.
Jones Lang LaSalle’s Southern California Industrial Tenant Representation Team lead by Executive Vice Presidents Mike Fowler and Tim O’Rourke represented Selco Associates in the transaction. Ownership was represented by Steve Belletti and Josh Hayes of Colliers International.
“Selco’s strategy to enter the West Coast market in 2010 has proven to be a successful one,” said Fowler.
“Jones Lang LaSalle was able to negotiate favorable terms on a long-term lease commitment for Selco by leveraging the current economic conditions . The Inland Empire industrial market is one of the most active in the United States with rents expected to show upward movement in coming quarters as demand outpaces supply.”
For further information, please visit our website, www.joneslanglasalle.com.
Contact:
David Ebeling
Ebeling Communications
(p) 949.861.8351
(c) 949.278.7851
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