GPA Logistics Renews Lease For 205589 SF Industrial Facility In Perris With Ares Management

The property asset involved is an industrial facility located at 100 Walnut Street in Perris, CA, encompassing a total area of 205,589 square feet. This lease transaction highlights GPA Logistics' renewal of its lease for the entire space, engaging in a critical retention within the Inland Empire East market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Lease Term: 65-month
• Landlord: Michael Arougheti - Ares Management
• Tenant: Bill Drummer - GPA Logistics
• Landlord's Representative: Cody Lerner & Kameron Graylee - Avison Young
• Tenant's Representative: Dillon Dummit - Savills

This lease renewal marks a significant accomplishment for GPA Logistics, solidifying their presence in a competitive market. The landlord, Ares Management, was represented by Cody Lerner and Kameron Graylee from Avison Young, while Dillon Dummit from Savills represented the tenant in this transaction.