Voit Directs $11.6 Million Lease of Warehouse Property in Rialto, CA

Thrifty Oil Co. Warehouse, Rialto, CA

Frank Geraci

Ontario, CA – Voit Real Estate Services is proud to announce that the team of Frank Geraci, Executive Vice President, Juan Gutierrez, Senior Vice President, and Adam Geiger, Associate, from Voit’s Inland Empire office have successfully completed the $11.6 million lease of a 441,675 square-foot warehouse facility in Rialto on behalf of Thrifty Oil Co.

The tenant, Radial, a 3rd party logistics provider, was represented by Jay Dick of CBRE.

“The Inland Empire market continues to absorb industrial space at unprecedented levels and we expect this trend to continue for the near future,” commented Juan Gutierrez of Voit. 

“We were able to attract a quality tenant due to the fact that Thrifty Oil Co.  provided a state-of-the-art facility with features such as a 36’ ceiling height, cross-dock configuration and a generous truck court that accommodates additional employee and truck parking, and immediate ingress and egress to the 210 Freeway.”

“We were extremely pleased with the Voit team’s comprehensive representation of our Rialto project and appreciated the professionalism of Radial’s broker Jay Dick of CBRE. Thrifty Oil looks forward to a long and constructive relationship with our newest customer, Radial,” remarked Sean Tabor, Thrifty’s Chief Operating Officer.

Juan Gutierrez

The property, which is part of the Renaissance Rialto Business Park, will be used as the distribution center for the west coast stores for a leading European fashion brand offering clothing, shoes and accessories for all ages.

Radial, which specializes in streamlining logistics, will be relocating their current facility from a 170,000 square-foot space in Redlands, which they have significantly outgrown, to the more than double 441,675 square-foot facility in Rialto and has signed a 63-month lease.

According to Jay Dick of CBRE, “This new facility, which offers immediate freeway access and has the ability to accommodate parking for up to 500 vehicles, will help the tenant deliver on-time and efficient fulfillment of their goods and provide expansion space to support future growth.”

The property is located at 2225 North Alder Avenue in Rialto, California. 

 For a complete copy of the company’s news release, please contact:

                                               

Jessamyn J. Wilkinson | Director of Marketing

Voit Real Estate Services

2020 Main Street, Suite 100 | Irvine, CA 92614

T (949) 263-5314 | C (949) 929-7147

jwilkinson@voitco.com | www.voitco.com

Twitter: @VoitRealEstate | LinkedIn: Voit Real Estate Services

Voit Real Estate Services, Broker License # 01991785

Terwilliger Pappas Breaks Ground on Solis Town Center In The Heart Of Suwanee Town Center

  

Rendering of Planned Solis Town Center, Suwanee, GA

Alan P. Dean

ATLANTA, GA – Terwilliger Pappas breaks ground this month on Solis Town Center, a 240-unit mixed-use apartment development with 12,000 square-feet of retail space set on 6-acres adjacent to Suwanee Town Center.

Partnering with Carlyle Realty Partners and Cadence Bank, Solis Town Center will be a luxurious residential/retail addition to the award-winning Town Center.

Located at the intersection of Lawrenceville-Suwanee Road and Buford Highway, two of Suwanee’s busiest roadways, Suwanee Town Center is a vibrant mixed-use area, anchored by a 10-acre urban-style park, 100,000 square-feet of retail and 87,000 square-feet of office. It embodies Suwanee’s vision for “live…work…play…shop.”

“Terwilliger Pappas continues to focus on locations that afford our residents the ability to walk to restaurants, retail and entertainment. Suwanee Town Center checks all of those boxes and more,” said Alan P. Dean, Region President at Terwilliger Pappas. “We are excited to add Solis Town Center to this special community.”

 For a complete copy of the company’s news release, please contact:

                                               

Taylor Rowden/Hilary Harmon

Liz Lapidus PR

404-688-1466

taylor@lizlapiduspr.com

hilary@lizlapiduspr.com

http://www.terwilligerpappas.com

Cushman & Wakefield’s Bruce Erhardt Releases Tampa Bay Land Report

Bruce Erhardt

TAMPA, FL — Cushman & Wakefield has released its 2017 1Q Tampa Bay Land Market Overview.

The quarterly report, authored by Executive Director Bruce Erhardt, offers insight into the Tampa Bay land market gleaned from his own research and experience and respected sources throughout the industry.

According to Erhardt, the exceptional demographics of the Tampa Bay market will continue to promote growth in the local land market through 2023.

“I’m still predicting the overall Tampa Bay land cycle has five to six years left, with solid growth for the next three years,” said Erhardt. “Population and job growth are the drivers.”

A brief overview of Erhardt’s findings in the Tampa Bay market can be found below:

Multifamily Land

The multifamily land market remains very active as it has for nearly six years. For-sale townhomes and condominiums continue to gain momentum in both urban and suburban markets. Suburban multifamily development is picking up steam as the availability of Class A urban infill sites dwindles. Infill assemblages are available.

Single Family Land

Builders and developers continue to drive the market for Class A and B single-family land, as they have for nearly eight years. The market has produced some land acquisitions outside the A/B market. Demand for entry-level sites is strong.

Port Tampa Bay, FL

Retail Land

The demand for retail land remains tenant- and location-driven. Interest in outparcel subdivisions and unanchored strips in Class A locations remains strong.

Industrial Land

New and local developers continue to put under contract and close industrial land positions in Tampa, Lakeland, Plant City and Manatee County/Lakewood Ranch.

Office Land

As it has for nearly five years, activity in the office land market has been limited to users and build-to-suits. Medical office construction by providers continues to be active. Several developers are eyeing Pasco County.

Hospitality Land

Hotel development remains active in both urban and suburban locations, as it has for the past three years.

Agricultural Land

The agricultural market remains active, with demand outpacing supply.

For more information, please visit http://www.cushwakelandfl.com/tampa/.

To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com

 or follow @CushWake on Twitter.

For a complete copy of the company’s news release, please contact:

David A. Meyer

Owner

Meyer Media 

+ 1 407 489 7488

david@meyer.media