RIALTO, CA-Sares-Regis Group has signed American Building Supplyto a 10-year, $20 million lease for 715,433 square feet ofwarehouse space here in the second lease over 700,000 square feetto be signed in Rialto recently. According to Michael Wood,director of leasing at Irvine, CA-based Sares-Regis, the leaserepresents an expansion for American Building Supply, which will beconsolidating three locations, totaling about 650,000 square feet,at the facility. The lease takes effect March 1.

The facility that American Building will occupy is at the cornerof Rialto and Cedar avenues. It is the largest of three buildingsdeveloped by Sares-Regis Group in its 1.6-million-square-footRialto Commerce Center, which was completed in 2006. AmericanBuilding Supply will consolidate operations from two RanchoCucamonga locations, a 264,558-square-foot building at 11655 JerseyBlvd. and a 240,000-square-foot building at 12200 Arrow Rd. Thecompany also is relocating Phoenix operations in 150,000 squarefeet to Rialto. Sares-Regis was represented by Chuck Belden ofCushman & Wakefield. Jay Dick of CB Richard Ellis representedAmerican Building Supply, which is a national door, frame andhardware supplier and seller of window and mill work products. Thecompany is based in Sacramento.

In the other large Rialto lease, reportedrecently on GlobeSt.com, furniture chain Living Spacessigned a 10-year, $26 million lease for a 796,841-square-footdistribution building owned by La Salle Investment ManagementServices. According to DAUM Commercial Real Estate Services EVPRick John of the company’s Ontario office, who represented thebuilding owner along with DAUM SVP Gus Andros, the building was thelargest distribution space available in the Inland Empire at thetime the lease was signed.