ProLogis was represented internally by Pat Maloney and Larry Harmsen, along with Paul Earnhart of the Ontario office of Lee & Associates. Solo Cup was represented by Tom Tunnicliff of Trammell Crow in Chicago, along with Scott Evans in the Ontario office of Cushman & Wakefield and Tom Cherry in the Cushman & Wakefield Century City office.
Solo is the second company to sign at ProLogis Park I-210, where Black & Decker leases 543,000 sf. The ProLogis Park site is a 2.6-million-sf master-planned project at Alder Avenue and the I-210 Freeway that includes a Foreign Trade Zone. The park's third and final building will be a 1.2-million-sf facility that is scheduled for completion by the fourth quarter.
The Solo Cup facility builds upon a ProLogis Inland Empire portfolio that includes two distributions buildings in Ontario and Mira Loma totaling 1.2 million sf, occupied by Kraft and Wal-Mart, that ProLogis bought for approximately $60 million about a year ago.
Brokers say the Solo deal illustrates the continued demand for big box warehouse space in the Inland Empire, where developers have built and filled tens of millions of square feet of warehouse and distribution space in the past dozen years, much if not most of it developed on a speculative basis. The Solo lease is the second major transaction this week in Rialto, following Irvine-based developer Sares-Regis Group's acquisition of 32 acres for a 383,000-sf warehouse that will be part of a 99-acre project totaling more than 1.5 million sf of distribution space.
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