Colliers Completes Long-Term Lease for Pet Food Manufacturer and Distributor in Ontario
$5.8 Million Completed Deal for 108,703 Square Foot Building
Colliers International has completed a long-term lease transaction with a major pet foods company to lease a manufacturing and distribution building near Ontario International Airport, company officials have announced. Total consideration of the 15-year lease was $5.8 million.
A company requesting to remain unnamed will occupy the entire 108,703-square-foot building located at 2400 E. Francis Street adjacent to Ontario International Airport. In addition to its manufacturing and distribution space, the building contains 4,650 square feet of office space.
“This structure is an ideal manufacturing and distribution building for a mid-sized company that has a need for a variety of distribution uses because of its structural configuration and to its location near major surface and air transport hubs,” said Colliers Senior Vice President Mark Zorn who, along with Senior Vice President Tal Siglar, represented the property’s owner. “It has the right combination of manufacturing and distribution amenities to go along with its location for a mid-sized manufacturer and distributor like the new Tenant occupying the space.”
Among those amenities are 23 south-facing, dock-high loading doors and three ground-level loading doors with 24-foot clearances, according to Siglar. It also features a large and completely fenced yard that ensures security for truck trailers and for the building itself, which is located on a five-acre parcel at the intersection of E. Francis Street and S. Archibald.
Built in 1987, the building has been upgraded over the years by its owner, Hager Pacific Properties of Encino, to meet current structural and environmental requirements. In addition to its accessibility to the airport, the building also is directly accessible to Interstates 10 and 15 and to the Pomona Freeway (State Route 60), which allows it a direct route to the ports of Los Angeles and Long Beach, as well.
While the property owner was represented by Zorn and Siglar, who are based in Colliers’ Ontario office, the lessee was represented by Newmark Grubb Knight & Frank’s John Pomer.