
Shea Signs Canadian Home Furnishings Firm to $33M, 750K-SF Deal
Canada-based Dorel Home Furnishings signed a $33-million lease of a 750,000-square-foot industrial warehouse in the five-building Shea Center Ontario business park in Ontario, CA. The property is owned by Aliso Viejo, CA-based Shea Properties.
The tenant, a global manufacturer and distributor of products in the juvenile, sports, and home furnishings sector, will use the facility as a distribution center for its home furnishings division.
Cushman & Wakefield’s Chuck Belden and Kyle Kehner represented the tenant. Voit Real Estate Services’ Frank Geraci, Juan Gutierrez and Adam Geiger advised the landlord.
Geraci says, “Dorel Home Furnishings has been a tenant here since 2001. Shea understood the value in maintaining this excellent relationship for the long-term. Further, both parties recognized the opportunity for a win-win: Dorel was able to save tremendously by not incurring moving costs, while Shea benefitted by having no vacancy or downtime in the property, minimizing out-of-pocket costs.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease