ONTARIO, CALIF., March 28, 2011 — Jones Lang LaSalle represented Lava DS in a 266,508-square-foot industrial lease expansion at Ontario Gateway West, a four-building, 1,386,687-square-foot, industrial park in Ontario, Calif. Lava DS now occupies the entire 428,827-square-foot building located at 1495 E. Locust Street which serves as the company’s West Coast distribution hub.
Jones Lang LaSalle’s Southern California Industrial Tenant Representation Team of Executive Vice Presidents Tim O’Rourke and Mike Fowler along with Jones Lang LaSalle’s Global Ports and Airports leader John Carver represented Lava DS in the transaction. The property owner, James Campbell Company, was represented by Kevin McKenna of CB Richard Ellis.
“The Inland Empire accounted for one third of all industrial absorption in the United States in 2010,” said O’Rourke. “Despite this increased level of activity, we were able to negotiate this transaction at favorable terms allowing our client to expand their business and services.”
Located in the Inland Empire industrial market, Ontario Gateway West features a clear height of 32 feet, 56 dock-high loading doors, and 80 trailer storage spots.
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 $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.