Newmark Secures More Than 250,000+ SF Industrial Lease for CTK USA in Ontario, California

May 14, 2025 12:00 PM

Newmark announces the company has arranged a 250,369-square-foot, long-term industrial lease on behalf of CTK USA, the U.S. subsidiary of Korea-based CTK, at 3100 Hamner Avenue in Ontario.

Newmark Executive Managing Directors Josef Farrar and David Kluth and Associate Director Mai Hu, as well as Executive Managing Directors Ron Washle and Mark Kegans, represented the tenant in the transaction with the landlord, Crow Holdings Development. The team, collaborating with Newmark’s Workplace Strategy and Project Management services, facilitated CTK USA’s relocation from a smaller Ontario facility to a larger, modern development to support its expanding U.S. fulfillment operations.

“The success of this project is attributed to starting the process early in a very dynamic industrial market in the Inland Empire,” said Farrar. “We monitored the market while also leveraging and partnering with Newmark’s Workplace Strategy, Project Management and Transaction Management teams to advise the client how to achieve the best outcome.”

The property, part of the Ontario Commerce Center, is a premier distribution fulfillment center featuring 36-foot minimum clearance, 38 dock-high and two grade-level loading doors, a 162-foot concrete truck court, 30 trailer stalls and 178 auto stalls. Additional amenities include a 14,588-square-foot mezzanine, ESFR fire sprinkler system, 4,000-amp power supply and 3% skylights, designed to optimize logistics and scalability.

Strategically located in the Inland Empire West market, the property offers access to Interstates 10 and 15, State Routes 60 and 71 and is within three miles from UPS Ontario Air, 2.5 miles from UP Intermodal and five miles from Ontario International Airport.

The Inland Empire West submarket continues to lead in industrial leasing activity, with the 100,000 to 499,999-square-foot segment seeing pronounced demand due to higher availability and more favorable rent conditions, according to Newmark Research. The submarket’s strategic proximity to major ports and transportation infrastructure sustains its attractiveness for occupiers like CTK USA.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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