Newmark successfully brokered a 146,816-square-foot full-building lease at 5700 E. Airport Drive in Ontario. The property is part of the larger 250,248-square-foot Airport Distribution Center.
Executive managing directors Ron Washle and Mark Kegans represented Alere Property Group, the landlord for this transaction. Logistar Inc., a leading supply chain company, is the tenant.
The robust demand for distribution facilities in Ontario/Inland Empire market can be attributed to its strategic location and excellent transportation infrastructure,” stated Washle confidently. This lease serves as proof of the high quality of Airport Distribution Center and its appeal to top-tier logistics and distribution operations.
Designed specifically for modern distribution and logistics operations, Logistar’s leased property includes an office space spanning over 3,744 square feet with a front office area measuring approximately 2,900 square feet along with an additional shipping office space of about 844 square feet.
This news was originally published on Connect CRE website.
