Daum Commercial wins SIOR award for largest transaction in 2022

 

Gus Andros

ONTARIO, CA – DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, announces that the Inland Empire Team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overall for 2022. 

, Eric Fikse

The SIOR Top Transaction Awards are presented to SIOR members who have completed the largest sales and lease transactions with one or more other SIOR members in the prior year, ranked by dollar volume.  

Richard John

The Daum Inland Empire Team secured a new 15-year lease of a 1.239 million square foot industrial property on behalf of their client, Prologis, a national leader in logistics real estate, with a transaction value of $285,565,101.

The property, located in Ontario, California, was leased to a Canadian-headquartered clothing company for use as their primary distribution center for the western United States. 

“We are excited to receive the recognition of SIOR for closing the largest dollar volume transaction between SIOR members in 2022,” comments Richard John, Executive Vice President at Daum.

“This transaction is a testament to the dedicated efforts of our team and the whole Inland Empire office. It is also a demonstration of the resilience of the Los Angeles region and the Inland Empire as a strategic location for industrial real estate assets.”

Andros, Executive Vice President at Daum, notes that steady demand persists for well-located industrial space in Southern California. The Inland Empire’s industrial real estate market is extremely robust, with a 2.1% direct vacancy rate.

Per square foot rents rose 3.3% to a high of $1.53 as of the end of Q1, according to Daum Commercial Real Estate Services Q1 Market Report.

The asset is located within the Ontario submarket and offers immediate access to several major thoroughfares and direct transportation routes to the bustling distribution ports of Los Angeles and Long Beach, and the Los Angeles International Airport. 

The facility boasts a private entrance and ample parking space for employees and distribution vehicles. Interior amenities include cutting-edge equipment and spacious working floors.

“Our client had a prime, centrally located Inland Empire asset that would meet the needs of a wide array of tenants,” says Fikse, Executive Vice President at Daum.

“Drawing on our deep market knowledge and long-standing local partnerships, we were able successfully market the property to attract a well-qualified lessee and secure a long-term lease that was advantageous to all parties.”

CONTACTS:

 Hanna Kokuashvili / Elisabeth Manville  

The Smart Agency, Inc.
(949) 438-6262 
hkokuashvili@thesmartagency.com

www.daumcommercial.com