REDLANDS, CA-AMB Property Corp. says it has leased the remaining 750,000 sf at its 1.3 million-sf Redlands Commerce Center. “A leading manufacturer” will use the facility to expand and consolidate its distribution operations, according to AMB. A third-party logistics provider occupies the remainder of the building, the largest in AMB’s portfolio.

The lease fills up Redlands and drops vacancy in its 6.1 million-sf Inland Empire market to 3%. The announcement did not give the lease terms, however; did report the lease terms for the logistics tenant, Weber Distribution, which in October signed a 10-year lease valued at $25.7 million. That deal works out to $4.55 per sf per year and $0.38 per sf per month, which is well below AMB’s average annual base rent in Southern California at the end of 2007, which was $6.53 or $0.54 per sf per month, according to SEC filings.

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