Monday, March 26, 2012

CT Realty Investors Announces 100 Percent Lease-Up of Beaumont Logistics Center - MarketWatch

I provide location advice to owners and occupants of industrial buildings in Southern California. The article highlighted is evidence of the "big box" activity occurring in the Inland Empire of Southern California.

CT Realty Investors ( www.ctrinvestors.com ) announced today that the Beaumont Logistics Center, located at 520 Fourth St. and 415 Nicholas Rd. in Beaumont, Calif., has been fully leased to Updike Distribution Logistics and Hand Air Express. Combined, the two lease transactions represent one of the largest industrial leasing accomplishments in the Inland Empire in 2012.

CT Realty acquired the 572,143-square-foot project, which includes two new state-of-the-art LEED certified industrial warehouse buildings, in August 2011. At the time of purchase, the property was entirely vacant. The all-cash transaction also included 30 acres of fully entitled land which will accommodate another 611,000-square-foot cross-dock warehouse building. The project, completed in 2008, is located at the confluence of the 60 and 10 Freeways adjacent to the 60-acre Lowe's Distribution Center... You can read the article in its entirety by clicking below:

CT Realty Investors Announces 100 Percent Lease-Up of Beaumont Logistics Center - MarketWatch