Williams-Sonoma recently occupied a 950,000-sf building at the Grand Crossing development, where it will take 230,000 sf in another building beginning in February. The site will be a key hub for products sold through the direct-to-consumer catalog and e-commerce sites of Williams-Sonoma, whose operations include 584 stores, seven mail order catalogs and six e-commerce websites; the retailer operates under the names Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, West Elm and Williams-Sonoma Home.
The transaction was brokered by Kent Valley and Hank Darnell of Majestic. Terms were not disclosed, but the asking rate for the Grand Crossing space is about 45 cents per sf per month, triple-net.
The ODW Logistics lease is a long-term deal for the space at Majestic Spectrum. ODW, which specializes in shared logistics, contract logistics and transportation services, recently acquired the Olson Co. as a means of jump-starting its move into the California market, says Trent Wylde, regional director of development and leasing for Majestic.
The ODW space is at 13725-13835 Pipeline Ave. in the 425-acre master-planned Majestic Spectrum, which comprises more than five million sf of commercial, retail and industrial space. Majestic acquired the site in 1989 and has since developed it into a manufacturing, transportation,warehousing and retail hub in the heart of the Inland Empire, Wylde explains.
Wylde says that the lease at the Majestic Spectrum provides ODW with a strategic location toserve its customer base throughout Southern California. ODS provides logistics services for Pioneer Electronics, Edwards Lifesciences and Broan NuTone, among others. According to John Ness, president of ODW, the Chino location "allows us to service our existing customers from Irvine and Long Beach as well as attract new clients."
Wylde, along with Majestic broker Justin D. Wheeler represented the owner-developer in the transaction. Tim O'Rourke and Dan McGillicuddy of the StaubachCo. in Los Angeles represented ODW. Terms were not disclosed.
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