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Cushman & Wakefield Brokers 528k-Sq.-Ft. Renewal for Dorel
Fontana, Calif., Facility Houses Distribution Center for Juvenile Products Group
Industrial real estate specialists Chuck Belden and Scott Evans of Cushman & Wakefield’s Ontario, Calif., office represented Dorel in the renewal, along with Lloyd Cooper of the firm’s Montreal office, who represents Dorel for all of its North American real estate needs. Dorel Juvenile Group occupies 9950 Calabash in full.
Dorel Juvenile Group manufactures and distributes car seats, strollers, play yards, high chairs, infant health and home safety products and more. Its well-known brands include Safety 1st®, Cosco® Juvenile, Quinny®, Maxi-Cosi® and Hoppop®. The Calabash distribution center handles the company’s inbound product coming through the ports of Los Angeles and Long Beach, for distribution throughout the United States.
“This facility and the Inland Empire region, in general, provide an ideal base for this type of large-scale distribution operation,” Belden said. “Beyond proximity to the largest port system on the West Coast and an excellent highway infrastructure, companies doing business here can find high-quality industrial product and a strong labor pool.”
As the economic recovery continues, these factors have made the southern California industrial market among the healthiest in the country. In fact the Greater Los Angeles submarket topped the nation in leasing activity last year, with 36.7 million square feet in transactions. Its vacancy rate of 4.9 percent is the lowest in the country.
Within this context, Belden noted that the Dorel Juvenile Group renewal was advantageous for his client. “We are beginning to see upward pressure on rents here,” he noted. “Still, we were able to negotiate attractive terms—at a rate that may soon be below market—for our client.”
Cushman & Wakefield, Inc.’s industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions—
About Cushman & Wakefield National Industrial
Cushman & Wakefield, Inc.'s National Industrial brokerage platform provides global resources for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions - totaling 141.6 million square feet in leases and 52.9 million square feet in sales - with an aggregate value of nearly $5 billion. This represented a year-over-year revenue increase of 26.7 percent.