Dedeaux inks global logistics firm to long-term lease for newly built warehouse in Fontana, CA
The Californer/10321019

SANTA MONICA, Calif. - Californer -- Dedeaux Properties has signed a leading global third-party logistics company to a long-term lease for an entire165,000 square-foot warehouse/distribution facility that was recently completed in Fontana, CA.

The 7.36-acre property is located on the southwest corner of Slover and Cherry Avenues at 14457 Slover Avenue.   Its strategic location provides the tenant with immediate access/egress to Interstate 10, Southern California's primary east/west truck route, connecting the property to the Ports of LA/Long Beach and to Western United States. The state-of-the-art building features a 36-foot clear height, 21 docks, ESFR sprinkler system, and large secured truck yard with 50 trailer parking stalls.

Despite the recent slowdown in demand from warehousing and logistics companies for industrial product throughout Southern California, driven in large part by the confusion surrounding the administration's new tariff policies, Dedeaux Properties, is seeing strong demand for its premium properties throughout the region.

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"We saw an increase in the execution of new leases and renewals for both IOS and warehouse/distribution assets maintaining overall occupancy across our portfolio at approximately 98%," said Dedeaux President and CIO Matt Evans.  "With the region experiencing the lowest volume of new deliveries in some time, our recently completed projects are well positioned as first-to-lease assets in one of the strongest industrial markets in the country."

Slover is one of five new development projects totaling approximately 800,000 square feet delivered to market in the past 12 months by Dedeaux.

Leasing activity in the Inland Empire has seen a decline of 59% quarter-over-quarter and 30% year-to-date as warehousing and logistics tenants take a more risk-adverse stance amid the ongoing economic uncertainty, according to Cushman & Wakefield that represented Dedeaux in the lease.

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Members of the Cushman & Wakefield team included Brice Larson, Chuck Belden, Tim Pimentel, and Chris Pimentel.

About Dedeaux Properties

Los Angeles-based Dedeaux Properties, LLC (http://www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties. A known innovator and leader in the IOS (Industrial Outdoor Storage) sector of logistics properties, Dedeaux Properties has an active development pipeline of more than two million square feet of industrial logistics properties including distribution, transloading, truck terminals and trailer yards and maintains a portfolio of over 14 million square feet.