3PL Firm Expands Inland Empire Footprint
CBRE facilitated two leases totaling more than 1 million square feet.
Fast-growing third-party logistics company iDC Logistics has expanded its footprint in the Inland Empire. Across two separate transactions, both brokered by CBRE’s Jeff Vertun, the company has leased more than 1.1 million square feet.
The largest lease iDC signed totals 844,311 square feet of Class A space at 5690 Industrial Parkway in San Bernardino, Calif. The transaction marks the area’s second-largest industrial lease this year. Alere Property Group is the owner of the property, according to Yardi Research Data. Built in 2007, the property features a temperature-controlled environment and AIB certification, refrigerated storage and HVAC control.
According to a company statement, the lease agreement will bolster economic growth and job creation despite the new trade policies. The transaction also marks a significant milestone in iDC’s national expansion strategy.
READ ALSO: A Pragmatic Approach to Health-Care Development: The Wellness Village
The second lease that CBRE facilitated for the third-party logistics company includes 260,000 square feet in the City of Industry, Calif. The Fairway Industrial Park at 19515 E. Walnut Drive N. is set to become a manufacturing hub that will handle making computers and monitors for a third-party client. With 200 employees, the facility is expected to generate over 12,000 units a week. The property has a three-phase electricity service with 277/480 volts and 4000 amps, with 30 dock high doors and one grade-level loading door.
Moving forward, the company plans to continue its expansion in the Inland Empire and across the nation, in areas like Texas and New Jersey with the help from CBRE and Jeff Ventun’s team. Earlier this year, iDC grew its hold in the Inland Empire with an additional 350,000 square feet.
Inland Empire’s industrial development slows down
According to JLL’s industrial report for the second quarter of 2025, construction in the Inland Empire market remains low, while demand for large spaces in Class A buildings remains high. The vacancy rate in the market stood at 3.2 percent, with new groundbreakings down 97 percent. Rental prices averaged $1.14 per square foot.
In late July, Bridge Logistics Properties purchased a three-building portfolio in Fontana, Calif. The portfolio traded for $83.5 million and spans 332,793 square feet. At the time of the sale, each building was fully leased.
You must be logged in to post a comment.