The sale represents one of the largest owner-user industrial sales in the region this year, says Rick Ellison of Cushman & Wakefield, who represented Panattoni as part of a Cushman & Wakefield team including Jeff Chiate, Peter Sowa and Brett Lockwood. Zumiez was represented by Greg Gill and Barbara Goldsmith of the Long Beach office of Lee & Associates and Erik Hernandez and Paul Earnhart the the Lee & Associates Ontario office.

Completed in June, 2009, the building is called West Corona Corporate Center and is at 1346 Railroad St. It includes 9,296 square feet of two-story office space.

According to the Lee & Associates team, Zumiez will use the property as a distribution facility to serve its existing and planned retail stores throughout the US. According to Gill, the new location's proximity to Zumiez's existing 70 Southern California retail stores—in addition to the ports of Long Beach and Los Angeles—allows for maximum operating efficiency.

"Driven by cost-saving impacts of a smaller-leased facility, the decision to purchase became compelling when the quality and location of the facility made it an ideal long-term solution for the company's current needs and proposed growth over the next decade," Gill says. He notes that the decision to relocate happened in 60 days from initial planning to the company's internal market analysis.