{"id":2517,"date":"2024-01-16T06:18:44","date_gmt":"2024-01-16T06:18:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=2517"},"modified":"2024-01-16T06:20:54","modified_gmt":"2024-01-16T06:20:54","slug":"maersk-seals-deal-for-distribution-facility-in-inland-empire","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/","title":{"rendered":"Maersk Seals Deal for 1.2 MSF Distribution Facility in Inland Empire"},"content":{"rendered":"

Danish logistics giant Maersk has signed a lease for a 1.2-million-square-foot distribution facility in southern California, marking the largest industrial signing in the Inland Empire during the fourth quarter of 2023.<\/p>\n

The new facility \u2014 located at 8140 Caliente Road in Hesperia, Calif., within the High Desert submarket \u2014 will serve as Maersk\u2019s new logistics hub in the region. The lease agreement was inked with Westcore, a leading real estate investment firm that serves as the property\u2019s landlord and developer. CBRE\u00a0marketed the property for lease.<\/p>\n

Southern California\u2019s Industrial Sector Demonstrates Enduring Strength<\/h3>\n

Despite a 25% decrease in year-to-date sales volume through October of last year compared to the same period in 2022, the Inland Empire industrial market<\/a> maintained its resilience with total sales exceeding $3.3 billion, encompassing 15 million square feet across 85 properties.<\/p>\n

While this figure represents a significant decline from 2022\u2019s sales of $4.4 billion across 117 properties and 15.3 million square feet, the Inland Empire industrial market still holds an average price per square foot of $245. CommercialEdge data reveals that this average price, while lower than the 2022 average of $290.67, remains higher than the 2021 average of $166.54 per square foot.<\/p>\n

Notably, in the fourth quarter of 2022, absorption in the Inland Empire totaled 3.7 million square feet due to large occupier move-ins: Clothing company\u00a0Shein\u00a0took\u00a01.8 million square feet in Cherry Valley, while\u00a0United Legwear and Apparel Company\u00a0occupied\u00a01.7 million square feet in Beaumont, in addition to Maersk\u2019s recent lease in Hesperia.<\/p>\n

Westcore Emerges in Inland Empire<\/h3>\n

With this latest signing, Westcore \u2014 a leading industrial real estate investment firm \u2014 has firmly established itself as a major player in California\u2019s industrial market. In September 2023, the company purchased a 3.5-million-square-foot portfolio of fully leased industrial sites across the state for more than $1 billion. The move included nine properties in the Inland Empire valued at $462 million.<\/p>\n

For more industrial listings across major U.S. markets, visit:\u00a0Commercial Real Estate & Office Space Listings | CommercialSearch<\/a><\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t
Industrial properties in Dallas<\/a><\/td>Industrial properties in Columbus<\/a><\/td>Industrial properties in Nashville<\/a><\/td>\n<\/tr>\n
Industrial properties in Phoenix<\/a><\/td>Industrial properties in Denver<\/a><\/td>Industrial properties in Baltimore City<\/a><\/td>\n<\/tr>\n
Industrial properties in Chicago<\/a><\/td>Industrial properties in Seattle<\/a><\/td>Industrial properties in Los Angeles<\/a><\/td>\n<\/tr>\n
Industrial properties in Houston<\/a><\/td>Industrial properties in Atlanta<\/a><\/td>Industrial properties in Cleveland<\/a><\/td>\n<\/tr>\n
Industrial properties in Philadelphia<\/a><\/td>Industrial properties in Cincinnati<\/a><\/td>Industrial properties in Portland<\/a><\/td>\n<\/tr>\n
Industrial properties in Indianapolis<\/a><\/td>Industrial properties in Boston<\/a><\/td>Industrial properties in Charlotte<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Danish logistics giant Maersk has signed a lease for a 1.2-million-square-foot distribution facility in southern California, marking the largest industrial signing in the Inland Empire during the fourth quarter of 2023. The new facility \u2014 located at 8140 Caliente Road in Hesperia, Calif., within the High Desert submarket \u2014 will serve as Maersk\u2019s new logistics hub in the region. The lease agreement was inked with Westcore, a leading real estate investment firm that serves as the property\u2019s landlord and developer. CBRE\u00a0marketed the property for lease. Southern California\u2019s Industrial Sector Demonstrates Enduring Strength Despite a 25% decrease in year-to-date sales volume…<\/p>\n","protected":false},"author":3163,"featured_media":167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,2],"tags":[],"class_list":["post-2517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-industrial-real-estate-news"],"acf":[],"yoast_head":"\nMaersk Lease 1.2-Million-SF Distribution Facility in Inland Empire<\/title>\n<meta name=\"description\" content=\"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maersk Lease 1.2-Million-SF Distribution Facility in Inland Empire\" \/>\n<meta property=\"og:description\" content=\"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-16T06:18:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-16T06:20:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"866\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Preston\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew Preston\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/\",\"name\":\"Maersk Lease 1.2-Million-SF Distribution Facility in Inland Empire\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg\",\"datePublished\":\"2024-01-16T06:18:44+00:00\",\"dateModified\":\"2024-01-16T06:20:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\"},\"description\":\"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg\",\"width\":1300,\"height\":866,\"caption\":\"inland empire commercial real estate market warehouse space for lease\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Maersk Seals Deal for 1.2 MSF Distribution Facility in Inland Empire\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\",\"name\":\"Matthew Preston\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"caption\":\"Matthew Preston\"},\"description\":\"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Maersk Lease 1.2-Million-SF Distribution Facility in Inland Empire","description":"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/","og_locale":"en_US","og_type":"article","og_title":"Maersk Lease 1.2-Million-SF Distribution Facility in Inland Empire","og_description":"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.","og_url":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/","og_site_name":"CommercialSearch","article_published_time":"2024-01-16T06:18:44+00:00","article_modified_time":"2024-01-16T06:20:54+00:00","og_image":[{"width":1300,"height":866,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg","type":"image\/jpeg"}],"author":"Matthew Preston","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matthew Preston","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/","url":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/","name":"Maersk Lease 1.2-Million-SF Distribution Facility in Inland Empire","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg","datePublished":"2024-01-16T06:18:44+00:00","dateModified":"2024-01-16T06:20:54+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80"},"description":"Danish logistics giant Maersk signed a lease for a 1.2 million-square-foot distribution facility in Inland Empire.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg","width":1300,"height":866,"caption":"inland empire commercial real estate market warehouse space for lease"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/maersk-seals-deal-for-distribution-facility-in-inland-empire\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Maersk Seals Deal for 1.2 MSF Distribution Facility in Inland Empire"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80","name":"Matthew Preston","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","caption":"Matthew Preston"},"description":"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/skyline-of-the-Inland-Empire-near-Los-Angeles-view-from-potato-mountain.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/3163"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=2517"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2517\/revisions"}],"predecessor-version":[{"id":2528,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/2517\/revisions\/2528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/167"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=2517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=2517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=2517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}