Realterm Secures 125 KSF Tenant in the Inland Empire

1090 E. Belmont St. Image courtesy of Stream Realty Partners

CRST The Transportation Solution Inc. has signed a full-building, long-term lease at one of Realterm’s Class A industrial buildings in Ontario, Calif., within the Inland Empire’s Airport submarket. Stream Realty Partners negotiated on behalf of the tenant, while Colliers represented the ownership.

CRST will open its West Coast regional headquarters at the location. The space will also serve as a logistics center and truck maintenance facility.

Located at 1090 E. Belmont St., the 125,480-square-foot distribution center includes 30-foot clear heights, two office components, ESFR sprinkler systems, sky lights, 66 dock-high loading doors, two grade-level doors, 126 vehicle parking spots and 102 trailer parking spots. The current ownership picked up the asset in 2021 from Osterkamp Transportation Group for $61 million, CommercialEdge data shows.

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Situated on an 11-acre lot, the cross-dock facility is close to interstates 10 and 15, as well as to U.S. highways 60, 10 and 91, 3.3 miles from Ontario International Airport and within 60 miles of the ports of Los Angeles and Long Beach.

Stream Realty Partners’ team of Managing Director Jordan Decker and Senior Associate Adrian Boone represented CRST during negotiations, assisted by Cushman & Wakefield’s team including Executive Director Kyle Kehner and Senior Director Brice Larson. Colliers Vice Chairmen Clyde Stauff and Jace Gan represented Realterm.

Strong fundamentals in the Inland Empire

According to a recent CommercialEdge report, the Inland Empire had one of the largest industrial pipelines in the West Region, with 33.1 million square feet underway as of May, accounting for 5.3 percent of its total stock. The market also recorded one of the lowest vacancy rates in the region, at 2.2 percent, followed by Los Angeles (3.4 percent) and Phoenix (3.7 percent).

Elsewhere in the Inland Empire, CapRock Partners announced last month its plans for CapRock Global Logistics, a 500,000-square-foot warehouse facility in Moreno Valley, Calif. The firm also completed two industrial projects in Norco, Calif., totaling nearly 1.1 million square feet.