Jones Lang LaSalle Completes 410,515-SF Industrial Lease with Dal-Tile in Ontario, Calif.
NTARIO, CALIF., June 27, 2011 — Jones Lang LaSalle represented Dal-Tile in a lease renewal for 410,515 square feet of industrial space at 3625 Jurupa St. in Ontario, Calif. The space serves as a regional distribution warehouse for the firm.
Jones Lang LaSalle’s team of Executive Vice President Sam Foster, Managing Director Mike McCrary and Associate Chris Brandt represented Dal-Tile in the transaction. The property owner, Sares-Regis, represented itself.
“The Inland Empire is one of the country’s highest performing industrial markets, accounting for nearly 30 percent of the total net absorption in 2010,” said Foster. “Despite strong fundamentals, Jones Lang LaSalle was able to negotiate favorable terms enabling Dal-Tile to reduce its rent and extend its lease term.”
Established in 1947, Dal-Tile is a Dallas-based manufacturer and distributor of ceramic tile, and distributor of stone tile and marble and granite slabs. Dal-Tile owns and operates seven manufacturing facilities in the U.S. and Mexico and is currently building another manufacturing facility in Salamanca, Mexico to service its growing Mexican client base. The company employs approximately 10,000 people worldwide with interests in China, Europe and Malaysia. The company’s products go to market through three distinct channels: company-operated sales service centers, independent distributors and home center retailers. To best serve the unique needs of each of these channels, the company operates three strategic business units: Daltile, American Olean and Home Center Services.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $43 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.