LEASED
Maersk Leases 1.2M SF Distribution Facility In Hesperia From Westcore
8140 Caliente Road
Industrial
1,200,000 SF
1,200,000 SF
Leased 118 days ago
Summary
Lease
CALIFORNIA
Industrial
1,200,000 sqft
A distribution facility spanning 1.2 million square feet in Hesperia, California, has been leased by Maersk from Westcore, making it the largest industrial signing in the Inland Empire for the fourth quarter of 2023. This lease marks a significant deal in the region despite the Inland Empire's industrial market vacancy rising to 6.5 percent due to increased construction completions and available sublease space. Savills expects this vacancy rate to continue increasing throughout the year.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not provided
- Square Footage: 1,200,000
- Address: 8140 Caliente Road, Hesperia, California
- Market: Hesperia
Maersk, represented by Vincent Clerc, has secured the lease for this expansive distribution facility. Westcore, represented by Marc Brutten, serves as the landlord in this transaction. This leasing agreement is a prominent development in the Inland Empire, despite the challenges posed by high construction completions and available sublease space in the area.
Details
LEASED
IMAGE: Marc Brutten & Vincent Clerc
DATE: 01/11/2024
ADDRESS: 8140 Caliente Road
MARKET: Hesperia
ASSET TYPE: Industrial ~ SF: 1,200,000
LANDLORD: Marc Brutten - Westcore (@westcoreProperties)
TENANT: Vincent Clerc - Maersk (@Maersk_Official)
NOTE: Maersk has leased a 1.2 million-square-foot distribution facility in Hesperia, California, from landlord Westcore, marking the largest industrial signing in the Inland Empire in Q4 2023. Despite positive absorption, the Inland Empire's industrial market vacancy increased to 6.5 percent due to high construction completions and available sublease space, with Savills expecting further increases this year.View on map
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Address8140 Caliente Road
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