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GigaCloud Technology Secures 833,388 Sq Ft Lease In Fontana, CA From Link Logistics And Prologis

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LEASED

California

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Industrial1,666,776 SF
Leased 01/16/2024
the dealdetailscomps
Property Image
LEASED

GigaCloud Technology Secures 833,388 Sq Ft Lease In Fontana, CA From Link Logistics And Prologis

13521 Santa Ana Avenue & 10721 Jasmine Street

See Similar Deals
Industrial1,666,776 SF
Leased 01/16/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,666,776 SF
Transaction Type:Lease

GigaCloud Technology, a B2B platform, secured two leases totaling over 833,388 sq ft in Fontana, CA. The leases were for industrial assets owned by Prologis and Blackstone's Link Logistics. The properties are located at 13521 Santa Ana Avenue and 10721 Jasmine Street. This transaction highlights the strong presence of e-commerce in the Inland Empire region, with GigaCloud Technology headquartered in El Monte, CA.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Market: Fontana
  • Address: 13521 Santa Ana Avenue & 10721 Jasmine Street
  • Landlord: Luke J. Petherbridge - Link Logistics ; Hamid R. Moghadam - Prologis
  • Tenant: Larry Lei Wu - GigaCloud Technology

GigaCloud Technology, led by Larry Lei Wu, secured these leases for their expanding operations in Fontana. The company's choice to lease properties owned by Link Logistics and Prologis demonstrates their confidence in the market and the suitability of these assets for their business needs.

Details

LEASED
IMAGE: Luke J. Petherbridge, Larry Lei Wu & Hamid R. Moghadam DATE: 01/16/2024 ADDRESS: 13521 Santa Ana Avenue & 10721 Jasmine Street MARKET: Fontana ASSET TYPE: Industrial ~ SF: 833,388 LANDLORD: Luke J. Petherbridge - Link Logistics (@LinkLogisticsre); Hamid R. Moghadam - Prologis (@Prologis) TENANT: Larry Lei Wu - GigaCloud Technology (@GigaCloudTechnology) NOTE: GigaCloud Technology, a B2B platform, secured two leases totaling over 833,388 sq ft in Fontana, CA, in buildings owned by Prologis and Blackstone's Link Logistics. The leases underline the e-commerce dominance in the Inland Empire, with GigaCloud headquartered in El Monte, CA.

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Deal Type
Effective Rent (Annual)

$95,538,594.52

Total Lease Value

$955,385,945.16

Net Landlord Cash Flow$95,538,594.52