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RANCHO BELAGO, CA-Shoe manufacturer and marketer Skechers USAhas signed an 11-year, $97.5 million lease for a 1.8-million-sfbuild-to-suit distribution center in this Inland Empire communityin what CB Richard Ellis describes as likely the largest industriallease of its kind ever signed. "We believe this is the largestindustrial lease by a single tenant under one roof ever in the US,"says Darla Longo, who was part of a CBRE team including Jeff Morganand Bart Reinhard that represented both Skechers and MorenoValley-based landlord Highland Fairview.

Neither Skechers nor CBRE released the value of the deal intheir announcements on the lease, but a public filing by publiclyheld Skechers says that the company will pay $679,540 per month forthe first five years of the 11-year deal and $788,267 per month forthe remaining six years. The agreement includes options forSkechers to renew for up to 14 years beyond the original 11-yearlease.