Suitable Space Comes Amid Unprecedented Industrial Competition in IE

Two Fontana industrial leasing transactions recently closed, totaling more than 530,000 square feet. The first transaction was for Communications Test Design Inc. (CTDI) and the second was for PFXCA LLC, more commonly known as Pet Food Experts.

Newmark’s Ron Washle and Mark Kegans represented the tenants in the transactions.

“We were pleased to complete these two transactions and find suitable space for our clients among the unprecedented competition for industrial space in the Inland Empire,” said Kegans. “With a 0.9 percent vacancy rate in the West Inland Empire submarket, desirable buildings that come available are attracting multiple tenant offers.”  

CTDI, a global engineering, repair and logistics company serving the communications industry, extended its 137,244-square-foot lease for five years and expanded into an additional 244,794 square feet. It leased a total of 382,038 square feet at Fontana Commerce Center, two adjacent buildings located at 14597 Baseline Ave. and 14600 Bar Harbor Rd. In addition to Washle and Kegans, CTDI was also represented by co-broker Gary Lorgus of Jackson Cross Partners.

Pet Food Experts, a distributor of pet food and supplies, signed a 10-year lease for the entire 154,760 square feet at Vintage Park East Industrial Park located at 12060 Cabernet Dr.