X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

ONTARIO, CA-Majestic Realty Co. has signed Ozburn-Hessey Logistics to a five-year lease for 260,000-sf of distribution space at the City of Industry-based developer and landlord’s Majestic Airport Center near Ontario International Airport. Ozburn-Hessey, a supply chain management company, is adding the space after the growing company expanded recently via acquisitions, according to Scott McWilliams, CEO of the logistics firm.

“Our clients’ supply chain needs change constantly,” McWilliams comments, explaining that Ozburn-Hessey sought the additional warehouse space to provide “flexibility to adapt” to the changing client needs. Ozburn-Hessey, which operates more than 21 million sf of warehouse space throughout the US, recently acquired Barthco International, Turbo and Freightek.

Based in Brentwood, TN, Majestic’s new tenant serves the food service, industrial, electronic and high tech, pharmaceutical and medical, health and beauty and consumer products industries. Among the services it provides are domestic and international transportation services, freight forwarding and customs brokerage.

Majestic Realty was represented internally by Trent Wylde in the lease with the logistics firm. Ozburn-Hessey was represented by Dan de la Paz of CB Richard Ellis in Ontario and ProVenture Commercial Real Estate of Brentwood, TN.

Majestic Airport Center comprises nine buildings totaling three million sf. The center is a 235-acre industrial park composed of three separate projects: Archibald Business Center, California Commerce Center IV and Hofer Ranch.

Located immediately south of the Ontario International Airport. the project is close to the Pomona (60), San Bernardino (10) and the I-15 freeways, with rail service by Union-Pacific Railroad. Majestic’s joint venture partner for the California Commerce Center IV and Hofer Ranch portions of the development is Northwestern Mutual Life Insurance Co.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.