Ontario: Jones Lang LaSalle Completes 411,548-SF Industrial Lease with Pacific Coast Warehouse Company
ONTARIO, CALIF., April 4, 2011 — Jones Lang LaSalle represented Pacific Coast Warehouse Company in a 411,548-square-foot industrial lease at Ontario Distribution Center II located at 3601 Jurupa Street in Ontario, Calif. Pacific Coast Warehouse will occupy the entire building after relocating from 5125 Schaefer Ave in Chino, Calif.
Jones Lang LaSalle’s Southern California Industrial Tenant Representation Team of Executive Vice President Tim O’Rourke and Senior Vice President Barry Hill represented Pacific Coast Warehouse in the transaction. The property owner, Ontario Industrial Partners, was represented by Steve Bellitti and Tom Taylor of Colliers International.
“With our knowledge of the Inland Empire industrial market, Jones Lang LaSalle enabled the tenant to upgrade its facility and amenities by relocating to a Class A facility, while also significantly reducing its overall expenses – this is the quintessential ‘Flight to Quality,’” said O’Rourke. “This transaction along with other recent deals in the market illustrate that the Inland Empire industrial market is leading the recovery in the U.S. industrial market.”
Located in the Inland Empire industrial market, Ontario Distribution Center II features a clear height of 30+ feet, 58 dock-high loading doors, 76 trailer stalls and a large secured concrete yard area.
Pacific Coast Warehouse Company dates back more than 80 years and has clearly become one of the finest 3rd party distribution organizations in the Western United States by operating as an extension of their customer and focusing on service. Pacific Coast Warehouse Company is a privately-owned company who understands that quality service, flexibility, technology, and value added services are required for effective supply chain management. Pacific Coast Warehouse Company currently operates more than 1,000,000 square feet of space in Southern and Northern California.
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.