IDC Logistics Leases 1.1 Million Square Feet

Another logistics tenant is expanding its footprint in the growing Inland Empire industrial market.

IDC Logistics, a third-party logistics provider based in Southern California, just signed the second-largest industrial lease in the Inland Empire Core submarket so far this year, L.A. Business First reported. The deal for 844,300 square feet at 5690 Industrial Parkway in San Bernardino will support IDC’s warehousing needs in a temperature-controlled environment.

IDC also signed a lease for 260,000 square feet at 19515 East Walnut Drive North in City of Industry. That space will be a dedicated manufacturing hub centered around producing consumer electronics for a third-party client and is set to employ 200 local specialists to produce between 12,000 and 15,000 finished units per week.

IDC also secured 350,000 square feet of industrial space in the Inland Empire earlier this year.

The San Bernardino facility will enable IDC’s partners to take advantage of a “new kind of supply chain solution,” Elton Chung, CEO of IDC Logistics, said in a statement, per Business First.

Leasing activity in the Inland Empire Core submarket totaled 11.1 million square feet in the second quarter, according to CBRE research. It made up nearly all of the total Inland Empire area’s leasing activity, amounting to 12.1 million square feet.

Elsewhere in the I.E., Dedeaux Properties earlier this week secured an unnamed third-party logistics tenant to lease 165,000 square feet in a Fontana warehouse and distribution facility. That long term lease was reportedly valued at more than $11 million.

Bridge Logistics Properties is simultaneously growing its Inland Empire holdings. It just spent $83.5 million for three industrial buildings in Fontana totaling 332,800 square feet.

Transportation and warehousing employment in Los Angeles County reached a total of 205,700 workers by the end of the second quarter, according to CBRE research. That marks a 1.6 percent increase year-over-year and an 11.9 percent increase over the past five years.

— Chris Malone Méndez