IE Business Daily Business news for the Inland Empire.
Newmark Group Inc. has negotiated a lease renewal on behalf of DSW Distribution Center Inc., the cold-storage provider, at its Rancho Cucamonga headquarters.
DSW will remain at the Lincoln Distribution Center, 8858 Rochester Ave. in Rancho Cucamonga.
DSW stores and distributes food and pharmaceutical products from the 164,975 square-foot building.
Lease terms were not disclosed. UBS Realty Investors LLC, a real estate investment management company in Hartford, Conn., is the landlord.
DSW also expanded into a building across the street at 8675 Rochester Ave. That move, also negotiated by Newmark’s Irvine office, gives DSW an additional 25,000 square feet.
“Due to very high demand for cold and air-conditioned supply chain services, we invested into converting our ambient space to temp-controlled and then added the new facility across the street for dry space needs, said Brad Thayer, DSW’s president and chief executive officer.
DSW is a third-party logistics company that has been based in Rancho Cucamonga for 30 years, according to the statement.
