Dorel Home Furnishings Leases 750000 Square Feet At 5400 Shea Center Dr Ontario From Shea Properties

Dorel Home Furnishings, a global manufacturer and distributor based in Canada, has leased an industrial warehouse at 5400 Shea Center Drive in Ontario, California. The lease encompasses a substantial 750,000 square feet within Shea Center Ontario, a fully occupied five-building business park. The transaction is valued at $33 million and the space will serve as a distribution center for the company’s home furnishings division.

Summary of transaction details:

• Property Type: Industrial Warehouse
• Transaction Amount: $33 million
• Square Feet: 750,000
• Address: 5400 Shea Center Dr, Ontario, CA
• Market: Ontario
• Tenant: Dorel Home Furnishings
• Landlord: Shea Properties
• Tenant's Representatives: Kyle Kehner-Cushman & Wakefield, Chuck Belden-Cushman & Wakefield
• Landlord's Representative: Juan Gutierrez

The deal involved key professionals from both sides, with Frank Geraci, Juan Gutierrez, and Adam Geiger from Voit Real Estate Services representing Shea Properties. Meanwhile, Chuck Belden and Kyle Kehner from Cushman & Wakefield represented Dorel Home Furnishings in the lease transaction.