(Read more on the industrial market.)

FONTANA, CA-Denver-based DCT Industrial Trust Inc. has signed furniture importer Crown Mark to DCT’s entire 221,840-sf Meyer Canyon building, a bulk distribution facility that DCT Industrial recently acquired and redeveloped. Crown Mark, based in Houston, has signed for 64 months at the building.

The lease marks the beginning of the furniture importer’s expansion into Southern California, according to Joseph Ngo, president of Crown Mark. Ngo says that Meyer Canyon’s location will provide Crown Mark with direct access to major highways, airports and ports.

Daryl Mechem, DCT Industrial’s managing director of property operations, comments that the lease validates the Denver firm’s decision to increase its presence in Southern California, where industrial leasing remains strong. As of June 30, DCT owned 1.4 million sf and had almost three million sf under development or predevelopment in Southern California.

Crown Mark was represented by Tim O’Rourke and Jackie Baker of the Staubach Co. DCT Industrial was represented by Chuck Belden and Kyle Kehner of Cushman & Wakefield.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & 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 © 2024 ALM Global, LLC. All Rights Reserved.