IE Business Daily Business news for the Inland Empire.
An e-commerce delivery company has leased industrial space in Ontario.
Lake Forest-based Banyan Imports, which delivers products worldwide, will occupy 203,400 square feet at 3551 E. Philadelphia St., according to a statement.
The building is part of the California Commerce Center.
Newmark represented the landlord in the negotiations, while Banyan Imports was represented by NAI Capital.
Lease terms, and how many people are expected to work at the facility, were not disclosed.
“We were pleased to have pre-leased this building while the former tenant was still occupying the space, avoiding any vacancy for the landlord,” said Ron Washle, executive managing director with Newmark Ontario and a negotiating team member. “We were also successful in achieving a substantially higher rental rate.”
