Logistics Company Fully Occupies Inland Empire Facility

The building is situated within Inland Empire’s Corona, Calif. Image courtesy of Cushman & Wakefield

BDK Logistics has signed a 114,190-square-foot lease agreement, fully occupying a Class A industrial building in the Inland Empire’s Corona, Calif. Cushman & Wakefield negotiated the transaction on behalf of the landlord, concept furniture and design company Scandinavian Designs, CommercialEdge data shows.

Located at 1161 Olympic Drive, the freestanding one-story industrial building features 28-foot clear heights, a two-level office build-out component, sky lights, 20 dock high doors, two grade level doors, dock bumpers, a truck court and 127 parking spots, according to the same source.

Built in 1993, the concrete facility rises on approximately 5 acres, close to Interstate 15, providing easy access to Los Angeles, which is within 51 miles from the asset. The property is also 15 miles from Riverside, Calif., and 30 miles from John Wayne Airport in Santa Ana, Calif. Cushman & Wakefield’s team led by Director Brett Lockwood and Vice Chairman Rick Ellison represented the landlord. 

According to a recent CommercialEdge report, the Inland Empire topped the nation’s metros for year-over-year industrial in-place rent growth. With a significant increase of 17.4 percent, the market was followed by Los Angeles (with 13.2 percent), Boston (10.3 percent) and Orange County (10.0 percent), while the national in-place rents went up by an average of 7.4 percent.

Earlier in July, Stream Realty Partners and Colliers negotiated another full-building lease in the area. CRST The Transportation Solution Inc. signed a long-term deal at a 125,480-square-foot industrial facility in Ontario, Calif., where the company plans to open its West Coast regional headquarters. Realterm is the property’s owner.