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H Global Commerce Leases 142,556 SF Office Space In Ontario With Tenant's Rep CBRE

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LEASED
Brad Yates
Andrew Chaffee
+ 3

California

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Office142,556 SF
Leased 12/01/2023
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Property Image
LEASED

H Global Commerce Leases 142,556 SF Office Space In Ontario With Tenant's Rep CBRE

5401 East Jurupa Street

See Similar Deals
Office142,556 SF
Leased 12/01/2023
Brad Yates
Andrew Chaffee
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:142,556 SF
Transaction Type:Lease

Terry Lu's company, H Global Commerce, has signed a six-year lease for a 142,556-square-foot office space located at 5401 East Jurupa Street in Ontario. The lease was arranged by CBRE, and it marks the consolidation of H Global Commerce's Inland Empire locations into a single, more efficient space for its American headquarters. The company specializes in commercial glass products and home goods, and its decision to consolidate its operations is driven by the improved West Coast business growth linked to enhanced port activity in Los Angeles and Long Beach.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 5401 East Jurupa Street, Ontario
  • Market: Ontario
  • Size: 142,556 square feet

The landlord for the property is TA Realty, represented by Michael Ruane. H Global Commerce is represented by CBRE brokers Andrew Chaffee, James Toomarian, and Wes Jones. The landlord's representatives in the deal are Brad Yates and Stefan Pastor from Stream Realty Partners.

Players

Brad Yates
7 deals$232M volume
BROKER

Stefan Pastor
Stream Realty Partners⁠
8 deals$251.5M volume
BROKER




Details

LEASED
IMAGE: Michael Ruane, Brad Yates, James Toomarian, Stefan Pastor, Wes Jones & Andrew Chaffee DATE: 12/01/2023 ADDRESS: 5401 East Jurupa Street MARKET: Ontario ASSET TYPE: Office ~ SF: 142,556 LANDLORD: TA Realty - Michael Ruane TENANT: H Global Commerce - Terry Lu LANDLORD'S REP: Brad Yates & Stefan Pastor (@WildhatSteve) - Stream Realty Partners⁠ (@StreamRealtyPartners) TENANT'S REP: Andrew Chaffee, James Toomarian (@JewcyJames) & Wes Jones - CBRE (@CBRE) NOTE: CBRE arranged a six-year, 142,556-square-foot lease for H Global Commerce at 5401 Jurupa Street, Ontario, consolidating its Inland Empire locations into a single efficient space for its American headquarters. The global sourcing firm specializes in commercial glass products and home goods, with improved West Coast business growth linked to enhanced port activity in Los Angeles and Long Beach. ⁠ ⁠

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Deal Type
Effective Rent (Annual)

$8,171,223.90

Total Lease Value

$81,712,238.96

Net Landlord Cash Flow$8,171,223.90