Gus Andros
 |
| , 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
