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NFI Industries Renews 864K-SF Lease at Perris Warehouse, Newmark Reps Landlord

NFI Industries Renews 864K-SF Lease at Perris Warehouse

Newmark has negotiated an 864,000-square-foot industrial lease renewal with supply chain solutions provider NFI industries at the Perris Distribution Center in Perris, CA. Newmark’s Mark Kegans, Ron Washle and Dean Washle represented the landlord, Ares Management, in the transaction.

Located at 657 Nance St., the two-story, cross-dock facility features minimum 36’ clear height, LED warehouse lighting, 112 dock-high doors, ESFR sprinkler system, 7,000 square feet of office space and concrete truck courts. Perris Distribution Center is proximate to Interstate 215, and neighboring industrial tenants include The Home Depot, General Mills and Amazon.

“Our team was pleased to represent Ares Management in this substantial lease renewal,” said Kegans in a news release. “Perris Distribution Center is in a prime location for logistics and distribution, as evidenced by the location’s top-tier tenant roster.”

The Inland Empire remains one of commercial real estate’s top industrial markets in the country with a vacancy rate under 1%.


Inside The Story

Newmark's Mark KegansNFI IndustriesAres Management

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.