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| Gus Andros |
CHINO, CA – DAUM
Commercial Real Estate Services recently directed the 10-year lease of a
newly-constructed 442,920 square-foot distribution warehouse in Chino,
California on behalf the tenant, Los Angeles-based global apparel manufacturer
Topson Downs.
Gus Andros,
an Executive Vice President at DAUM’s Inland Empire office and Andrew Lara, a First Vice President at
DAUM’s South Bay office, completed the lease for a total consideration of
approximately $30 million.
The building is located at
8986 Remington Avenue in Chino, California. Thomas Taylor, Steve Bellitti, Summer Coulter, and Josh Hayes of
Colliers International represented Watson Land Company as the lessor in this
transaction.
“Located near the border
of Los Angeles County, the Chino submarket has one of the tightest industrial
vacancies in the Inland Empire, at just 1.4 percent,” explains Andros, citing a
recent market report from DAUM Commercial. “Given that this asset was new
construction in this supply-constrained region, with a state-of-the-art design
well-suited to today’s distribution needs, competition was extremely high.”
The tenant was especially
drawn to the location of the building, which offers close proximity to five
freeways: I-15, SR 60, SR 91, SR 71, and SR 83.
Other features include the facility’s easy access to the Ports of Los
Angeles and Long Beach, and well as its modern features, which met the tenant’s
needs for a cross-docking distribution center, according to Andros.
For more information on this press release, please
contact:
Lauren Burgos / Elisabeth
Manville
Brower, Miller & Cole
(949) 955-7940
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