Securing two new leases for a combined 1.1 million square feet, iDC Logistics is expanding its footprint in southern California.
The third-party logistics (3PL) company, which has ties to China, inked a deal for an 844,311-square-foot, temperature-controlled industrial space in San Bernardino, Calif., at 5690 Industrial Pkwy. This transaction with Alere Property Group is the second-largest lease in the Inland Empire so far this year.
The company’s second lease is for 260,000 square feet in the City of Industry at 19515 E. Walnut Drive N., a property owned by a Principal Financial Group affiliate. CBRE’s Jeff Vertun represented iDC in both negotiations.
“The key to effectively representing 3PLs — the largest tenant segment in industrial real estate — is to be fully in sync with their commercial strategy,” Vertun said. “By viewing their real estate portfolio from the CEO’s perspective, we create more opportunities, achieve higher conversion rates and ultimately foster more efficient growth.”
Instead of a distribution facility, iDC’s City of Industry lease will become a dedicated electronics manufacturing hub for a confidential client. This new operation is set to employ 200 local specialists with a production goal of 12,000 to 15,000 finished units weekly. The move highlights a strategic shift from logistics to production for the property.
“This facility gives our partners a new kind of supply chain solution — agile, local and tariff-conscious — while supporting U.S. job creation and economic growth,” said Elton Chung, iDC CEO.
The new leases mark a continued expansion strategy for iDC, which already secured 350,000 square feet in the Inland Empire earlier this year and is now exploring additional space in Texas and New Jersey.
While the Inland Empire’s industrial sector has grappled with an oversupply of new space that led to higher vacancy rates and eight consecutive quarters of rent declines, leasing activity remains strong. This is largely attributed to the region’s strategic proximity to the ports of Los Angeles and Long Beach.
Major deals this year include: EQT’s 1-million-square-foot lease with an undisclosed tenant at its Hesperia Commerce Center One; Burlington’s 758,180-square-foot renewal in San Bernardino, Calif.; and American Beauty Supply’s 715,433-square-foot renewal in Rialto, Calif.
