Newmark Grubb Knight Frank (NGKF) has completed a transaction with Bandai Logipal America, Inc. for a 101,298-square-foot industrial building located at 10865 Jersey Blvd. in Rancho Cucamonga. This marks an expansion for Bandai adding to its existing Rancho Dominguez location. The firm plans to move into the new facility by mid-April.
NGKF Senior Managing Directors Ron Washle and Mark Kegans along with Managing Director Dean Washle represented the landlord Romar Properties in the 36-month, $2.7 million industrial lease. Daum Commercial’s Gus Andros and Andrew Lara represented the tenant.
The rail-served industrial facility is uniquely positioned with 30’ warehouse clearance and ESFR sprinklers.
“The Inland Empire has seen positive absorption for seven years in a row and with current vacancy at 2.4 percent in the Inland Empire West, we expect lease rates will continue to rise,” said Washle.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.