{"id":35499,"date":"2023-03-22T10:37:59","date_gmt":"2023-03-22T07:37:59","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=35499"},"modified":"2025-03-25T16:09:03","modified_gmt":"2025-03-25T13:09:03","slug":"logistics-plus-inland-empire-lease","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/logistics-plus-inland-empire-lease\/","title":{"rendered":"Logistics Plus Leases 374,000-Square-Foot Inland Empire Warehouse"},"content":{"rendered":"

Logistics Plus \u2014 a leading worldwide provider of transportation, warehousing, business intelligence and supply chain solutions \u2014 has secured a five-year deal to lease a 374,000-square-foot industrial space in Riverside, Calif.<\/a> Owned by Trammell Crow Company (TCC) and located at 300 Palmyrita Ave., Columbia II sits on 19 acres in the city\u2019s sought-after Hunter Park industrial corridor with direct access to I-215, CA 60, CA 91 and I-10.<\/p>\n

Negotiations were handled by Colliers\u2019 Kevin McKenna and CBRE\u2019s David Consani on behalf of the landlord, while Jeremy Trotter of Foremost Commercial Real Estate Services represented the tenant.<\/p>\n

Columbia II is part of a three-phase project by TCC and Washington Capital that kicked off in 2017. Spread across a total of 72 acres and totaling 1.5 million square feet of prime Inland Empire warehousing space, the development was designed to attract some of the biggest names in e-commerce and logistics.<\/p>\n

The first phase of the project \u2014 which was sold to ASB Real Estate Investments for\u00a0$124 million in 2019<\/a> \u2014 consists of a 1-million-square-foot facility, while the third phase will add an 86,853-square-foot building to the site.<\/p>\n

\u201cDespite increased construction activity over the past couple years in the Inland Empire, the market\u2019s vacancy rate remains around 1%,\u201d TCC\u2019s\u00a0Jared Riemer\u00a0said. \u201cContinued demand for large, high-quality logistics facilities has been fueling absorption and rent growth as occupiers flock to newer, more modern buildings.\u201d<\/p>\n

\u201cAs with Phase I, we started the second phase of Columbia Business Park on a speculative basis and secured a high-quality tenant,\u201d said\u00a0Tom Bak, senior managing director of TCC\u2019s Newport Beach office.<\/p>\n

Other recent noteworthy lease deals in the Inland Empire market included Skechers\u2019 lease of 1 million square feet at 2600 John St. in Banning, Calif. from Logistics Property, as well as John Hancock\u2019s 534,404-square-foot lease to Motivational Fulfillment at 15835 San Antonio Ave. in Chino, Calif.<\/p>\n

Need a reliable and up-to-date listings platform that grants you access to the most sought-after commercial real estate properties in major cities across the U.S.? Visit\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0and sort results by location, size or price to find the best fit for your business:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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Logistics Plus \u2014 a leading worldwide provider of transportation, warehousing, business intelligence and supply chain solutions \u2014 has secured a five-year deal to lease a 374,000-square-foot industrial space in Riverside, Calif. Owned by Trammell Crow Company (TCC) and located at 300 Palmyrita Ave., Columbia II sits on 19 acres in the city\u2019s sought-after Hunter Park…<\/p>\n","protected":false},"author":56,"featured_media":35513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,41],"tags":[],"class_list":["post-35499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"\nLogistics Plus Leases Inland Empire Warehouse | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Logistics Plus has secured a five-year deal to lease a 374,000-square-foot industrial space in Riverside, Calif. 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