JLL represents 3PL in a lease for a new Inland Empire warehouse, providing more support for JLL’s record setting year-end predictions for the U.S. industrial market
JLL represented Custom Goods, one of the region’s premier third party logistics firms, in a new lease for 441,970 square feet of industrial space at Prologis Rancho Cucamonga Distribution Center located at 8369 Milliken Avenue in Rancho Cucamonga, California. Custom Goods is doubling its warehouse and distribution capacity for its clients in the region. It also operates eight other distribution facilities in Southern California.
JLL’s Louis Tomaselli and Jordan Quinn represented Custom Goods. The landlord, Prologis, was represented internally by Travis Durfee and Tyson Chave.
“The Prologis building in Rancho Cucamonga provided Custom Goods an opportunity to double their warehouse and distribution capabilities and remain within the Prologis portfolio, providing the maximum flexibility available from a global landlord for the ever changing 3PL sector,” said Tomaselli. “The building also provides over 100 trailer parking spaces, a key competitive advantage in the Southern California market where the Ports of Los Angeles and Long Beach charge heavy fees for containers parked at the docks 24 hours after unloading.”
Tomaselli continued by saying, “this lease and the millions of square feet pending in the traditionally record setting Q4 time period, lends support to JLL’s First Look at U.S. Industrial where in it predicts that tenant requirements will exceed new construction by a factor of 2.3x.”
JLLs First Look at industrial United States Q3 2015 is available by clicking here.