The property involved in the transaction is an industrial asset located at 5700 East Airport Drive in Ontario, California. The property spans 146,816 square feet and is part of the Airport Distribution Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not provided
• Address: 5700 East Airport Drive
• Market: Ontario
• Landlord: Alere Property Group
• Tenant: Logistar Inc
• Brokers: Mark Kegans & Ron Washle - Newmark

Newmark's Executive Managing Directors, Ron Washle and Mark Kegans, facilitated the lease agreement. Ron Washle highlighted the robust demand for distribution facilities in the Ontario/Inland Empire region due to its strategic location and superior transportation infrastructure. Mark Kegans emphasized the prime location and modern features of the Airport Distribution Center, making it an ideal choice for businesses looking to enhance their distribution capabilities in Southern California.