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Shein Leases 1 Million SF Industrial Space From Brian Kingston In Cherry Valley

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LEASED

California

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Industrial1,000,000 SF
Leased 02/21/2025
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Property Image
LEASED

Shein Leases 1 Million SF Industrial Space From Brian Kingston In Cherry Valley

36500 Cherry Valley Boulevard

See Similar Deals
Industrial1,000,000 SF
Leased 02/21/2025
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,000,000 SF
Transaction Type:Lease

The asset involved in the transaction is a 1,000,000 square foot industrial space located at 36500 Cherry Valley Boulevard in the Cherry Valley market.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord: Brian Kingston - Brookfield Properties
  • Tenant: Chris Xu - Shein

Shein has taken this 1M SF industrial space off the sublease market in Cherry Valley’s I-10 Logistics Center. The fast-fashion retailer previously preleased 1.8M SF in 2022 to further establish its U.S. logistics network in competition with Amazon, Temu, and TikTok.

Details

LEASED
IMAGE: Brian Kingston & Chris Xu DATE: 02/21/2025 ADDRESS: 36500 Cherry Valley Boulevard MARKET: Cherry Valley ASSET TYPE: Industrial ~ SF: 1,000,000 LANDLORD: Brian Kingston - Brookfield Properties (@BrookfieldProperties) TENANT: Chris Xu - Shein (@Sheinofficial) NOTE: Shein took a 1M SF industrial space off the sublease market in Cherry Valley’s I-10 Logistics Center, where it preleased 1.8M SF in 2022. The fast-fashion retailer continues expanding its U.S. logistics network to compete with Amazon, Temu, and TikTok.

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Deal Type
Effective Rent (Annual)

$57,319,396.56

Total Lease Value

$573,193,965.57

Net Landlord Cash Flow$57,319,396.56