Prologis Leases 78418 SF Industrial Building In Chino To DesignWorx For $4.3M

A 78,418 square foot industrial building located at 14628 Yorba Avenue in Chino, CA was leased by Prologis to packaging firm DesignWorx. The lease encompasses a term of 60 months, resulting in a total transaction value of $4.3 million. The property is situated in a leading industrial market, despite a trend of rising vacancies in the Inland Empire.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4.3M
• Lease Term: 60-month
• Landlord: Hamid Moghadam - Prologis
• Tenant: DesignWorx
• Brokers: John Seoane, Bryan Miller & Allen Buchanan - Lee & Associates

Key individuals involved in the transaction include Hamid Moghadam representing Prologis as the landlord, while DesignWorx is the tenant. The brokerage team from Lee & Associates, consisting of John Seoane, Bryan Miller, and Allen Buchanan, facilitated the leasing process, concluding the deal shortly after the property was made available on the market.