IE Business Daily Business news for the Inland Empire.
A firm that produces containers and other manufacturing supplies will move its Jurupa Valley manufacturing operation to a larger building in that city.
The Cary Company has signed a 10-year lease on a 139,000 square-foot industrial building at 10220 San Sevaine Way, according to a statement released Monday by Avison Young.
Avison Young’s Inland Empire office represented the landlord, Stos Partners, a San Diego-based investment and management firm, in the negotiations.
Based in Addison, Ill., Cary Company currently occupies a 30,000 square-foot building at 2255 Vía Cerro, which it plans to leave this spring.
Financial terms were not released. The move is part of a “strategic expansion,” but the statement does not say how many people will work in the building or whether more workers will be hired.
“We’re excited to have secured the right company and use for the project,” said Stan Nowak, principal with Avison Young and a member of the negotiating team, in the statement. “We’ve not only satisfied the business goals of the principal parties, but this deal serves to accomplish the goal of the local municipality to bring more quality jobs to Jurupa Valley.”
