Royal Appliance plans to relocate to the new building uponcompletion of tenant improvements at the beginning of May. Hillwoodacquired the building last year from Blackrock in a transactionbrokered by the same CBRE team that represented Hillwood in theRoyal Appliance lease: Frank Geraci, Walt Chenoweth, Juan Gutierrezand Patrick Wood of CBRE's Ontario office.

Chenoweth says the new lease produces positive cash flow forHillwood soon after an acquisition in a slow market. RoyalAppliance, which now occupies a 349,000-square-foot facility in theWest Inland Empire, manufactures brands including Hoover and DirtDevil vacuum cleaners.

Royal Appliance was represented by Jeff Smith and Jeff Hubermanof Lee & Associates. The five-year lease is valued at more than$5 million.

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