News

Dermody Properties Leases 104,878 Square Feet in Ontario

We have leased the property at 3120 E. Mission Blvd. to a national, privately-owned distributor of shipping, industrial and packaging materials.

“With close proximity to Ontario International Airport and several major freeways, this location places the customer within the heart of one of the nation’s most sought-after industrial markets,” said Matt Mexia, Partner in Southern California at Dermody Properties. “Growth in this region is also driven by access to a strong labor pool as companies look to grow their operations.”

Ontario is situated adjacent to the Inland Empire, one of the country’s fastest-growing logistics markets. This, coupled with Southern California’s population density and the property’s access to a large area of the U.S. within a day’s drive, make this region a prime location for regional distribution centers.

“The Inland Empire West was the top industrial real estate market in 2020 and we believe that demand will continue through 2021,” said Elizabeth Kauchak, Chief Operating Officer at Dermody Properties. “Dermody Properties will remain strategically focused on seeking the best opportunities for our customers in this region and across the country.”

Dan de la Paz of CBRE represented Dermody Properties in the leasing transaction for this project.

For current availabilities in Southern California, visit the region page.