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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.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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