CHINO, CA-The Kenco Group logistics firm has signed a five-year, $5 million lease for nearly 171,000 sf of distribution space at the Centerpointe Chino Business Park, according to Jones Lang LaSalle. The freestanding industrial building is at 14651 Yorba Ave. in the 1.8-million-sf Centerpointe development.
The Jones Lang LaSalle team of Sam Foster and Steven Golubchik of the firm's Los Angeles office represented Kenco Group in conjunction with Amber Taylor of Jones Lang LaSalle's Dallas office. Landlord Kennedy & Associates was represented by Phil Lombardo and Sean Austin of Trammell Crow Co.
Tennessee-based Kenco Group, which will be relocating from a 117,000-sf facility at 1671 Champagne Ave. in Ontario, plans to move into the new building in September. Kenco has maintained a presence in the Inland Empire for more than 20 years and is expanding as a result of growth in the public warehousing business.
The Centerpointe Chino facility will serve as the Kenco's regional distribution hub for the Greater Los Angeles Basin. The food-grade facility will serve customers with a need for overflow, port deconsolidation, value-added services and fulfillment, according to Gary Mayfield, CEO of Kenco Group Inc.
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