Cushman & Wakefield has brokered a lease agreement for BDK Logistics Intelligence, Inc., for a 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California.
Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, who was represented by Director Brett Lockwood and Rick Ellison of Cushman & Wakefield in the transaction.
“We are pleased to welcome BDK to the property as a quality industrial tenant that is expanding its presence in the market, which it also currently occupies multiple warehouse facilities,” Lockwood says.
Our client was instrumental in helping this deal transact as there were many variables that needed to be navigated which led to this lease coming together quickly and successfully.
1161 Olympic Drive is a freestanding building situated on around 4.8 acres and features 20 dock high loading doors.
The property is conveniently located off Interstate 15 near the confluence of SR 91 and is proximate to the extensive freeway network traversing the entire Greater Los Angeles region and into other major markets in and out of state.
According to Cushman & Wakefield’s latest Q2-2023 quarterly report, the Inland Empire industrial market posted an overall vacancy of 3.4% and has recorded more than 2.7 million square feet of positive net absorption through the first half of 2023.
