INLAND EMPIRE, CA (Aug. 20, 2012) – Voit Real Estate Services’ Inland Empire office has directed a new 147,677 square-foot industrial lease in Redlands, Calif., on behalf of the lessor.
The lessee, Medline Industries, a privately held national manufacturer and distributor of health care supplies and services, plans to fully occupy the building for its distribution operations, according to Juan Gutierrez, a Senior Associate in Voit’s Inland Empire office.
Gutierrez worked with Frank Geraci, Walt Chenoweth, (middle right photo), and Patrick Wood (lower left photo) of Voit’s Inland Empire office to represent the lessor, BlackRidge Real Estate Group/ Verde Realty. The lessee, Medline Industries, was represented by Chuck Belden of Cushman & Wakefield.This is an expansion for Medline Industries, which was seeking additional warehouse space in close proximity to its existing 405,000 square-foot distribution center in San Bernardino, notes Gutierrez.
“The property is a Class A warehouse within a master planned business park, which is especially attractive to tenants in the current market,” explains Gutierrez.
“Leasing activity is on the rise in the Inland Empire, and the supply of large, Class A product continues to tighten. Our team is constantly tracking the market, and we were able to leverage the increasing momentum in order to successfully identify a tenant and fully stabilize the building within three months.”
This property is located at 1455 Research Drive in Redlands, Calif.
Contact:
Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
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