INLAND EMPIRE, CA – Voit Real Estate Services’ Inland Empire office has completed a new, 180,608 square-foot industrial lease at the Crossroads Business Park (top left photo), located at 740 No. Vintage Ave. in Ontario, Calif., on behalf of Steelcase, Inc., a global provider of workplace products, furnishings and services, according to Walt Chenoweth (middle right photo), Executive Vice President in Voit’s Inland Empire office.
The facility will serve as a new Steelcase distribution center.
Chenoweth worked with Frank Geraci and Juan Gutierrez (middle left photo) of Voit’s Inland Empire office to represent Steelcase in the transaction.
Steelcase is relocating a former distribution center in the City of Industry to the Ontario location as part of its ongoing strategy to further streamline the company’s Southern California distribution operations, according to Chenoweth.
“We understood our client’s specialized needs, which included a facility which would reduce the company’s overhead, while providing over-standard dock high loading and a large yard for trailer parking,” said Chenoweth. “We advised Steelcase to relocate to the Inland Empire to reduce rental costs, and we successfully secured a facility with 50 dock doors and 85 parking spaces for trailers.”
According to Chenoweth, this industrial space was a rare find in the Inland Empire, as the building provides roughly double the amount of trailer parking offered by other properties in the market.
“By identifying this facility, our team helped Steelcase to further lower its operating costs not only through the lower cost lease, but also by eliminating the need to lease off-site parking,” commented Chenoweth.
The lessor, Prologis, an industrial REIT, was represented by Mike Wolfe and Joe McKay of Lee & Associates.
The Voit team has worked with Steelcase successfully for more than a decade, according to Chenoweth, as his team assisted the company in its move from Tustin to the City of Industry in 2002.
Contact:
Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com
\www.voitco.com
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