Mega-leases of 1M SF or more are driving demand in the Inland Empire this year, with four more deals for extra-large warehouses inked in the third quarter and another announced this week.
Target has signed a 15-year, 1.2M SF pre-lease deal for a new warehouse under construction in Jurupa Valley. The facility at 6186 Jurupa Valley is part of a 3.6M SF, five-building industrial campus being developed by CT Realty in partnership with Prudential Global Investment Management.
Under the terms of the agreement, the retail giant has the option to extend the lease by an additional 15 years. The new warehouse in Jurupa Valley will increase Target's industrial footprint in the Inland Empire to 3M SF.
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