Prologis signs baby products company to big warehouse deal in Fontana

The Inland Empire is among the busiest markets for industrial space, and Prologis the sector's biggest investor

Los Angeles /
May.May 28, 2019 04:00 PM
Prologis CEO Hamid Moghadam and 13048 Valley Boulevard
Prologis CEO Hamid Moghadam and 13048 Valley Boulevard

Prologis signed baby products manufacturer Baby Trend to a long-term lease in a Fontana logistics center, as the local industrial market remains among the hottest in the nation.

The 10-year deal closed last week, according to Commercial Observer. Baby Trend is taking 450,000 square feet at 13048 Valley Boulevard, according to the report. It will fill the space vacated by APL Logistics, which last year moved to a larger space Prologis owns in North Rialto.

Colliers International’s Mark Yorn represented Prologis in the latest deal, while John Espinosa of Lee & Associates represented Baby Trend.

The Inland Empire was the busiest market for logistics space in the country last year. Space is not as tight as it is in Los Angeles County, but rents continue to grow and development is steady.

Prologis, a real estate investment trust based in San Francisco, owns more industrial real estate in Los Angeles County than any other investor. The REIT owns around 17.3 million square feet of L.A. County industrial space across 56 properties, worth a total of around $2.6 billion.

Amazon is its biggest customer, leasing around 3.3 percent of its portfolio worldwide.

Prologis invests in existing properties and develops new facilities. Last year it paid about $8.4 billion for rival DCT Industrial Trust and its 71 million square feet of logistics space around the country. [CO]Dennis Lynch 


Related Articles

arrow_forward_ios
City Tower at 333 City Boulevard West (KBS Capital Markets Group)
Opal Holdings pays $150M for Orange County office tower
Opal Holdings pays $150M for Orange County office tower
BLT Enterprises founder Bernard Huberman dies at 65
Bernard Huberman, who built a 3M-sf property portfolio, dies
Bernard Huberman, who built a 3M-sf property portfolio, dies
Redcar Properties CEO Jim Jacobsen with Dynasty Center (Google Maps, Industry Partners)
Redcar buys Dynasty shopping center in Chinatown
Redcar buys Dynasty shopping center in Chinatown
Sandstone Properties CEO Eri Kroh with a rendering of the project (Sandstone, The Jeff Hotel)
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Culver City approves `The Jeff,’ Sandstone Properties’ 175-unit hotel
Apple delays return to office by a month
Apple delays return to office by a month
Apple delays return to office by a month
Stos Partners Principal CJ Stos and 159 N San Antonio Avenue 
Stos Partners pays $22M for Pomona warehouse
Stos Partners pays $22M for Pomona warehouse
Rexford Industrial Realty Co-CEOs Howard Schwimmer and Michael S. Frankel (Rexford)
Korean makeup manufacturer inks 100K sf sublease
Korean makeup manufacturer inks 100K sf sublease
The assistance is available to theaters with fewer than 99 seats (Getty)
California lawmakers set aside $50M in massive state budget to aid small theaters
California lawmakers set aside $50M in massive state budget to aid small theaters
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...