{"id":1004333975,"date":"2019-06-26T02:07:24","date_gmt":"2019-06-26T10:07:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004333975"},"modified":"2019-06-26T02:23:54","modified_gmt":"2019-06-26T10:23:54","slug":"kenco-logistics-signs-580-ksf-lease-in-the-inland-empire","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kenco-logistics-signs-580-ksf-lease-in-the-inland-empire\/","title":{"rendered":"Kenco Logistics Signs 580 KSF Lease in the Inland Empire"},"content":{"rendered":"
\"Perris<\/a>

Perris Logistics Center. Image courtesy of Newmark Knight Frank<\/em><\/p><\/div>\n

Kenco Logistics Services has signed a 580,000-square-foot lease at Perris Logistics Center, a 700,000-square-foot LEED-certified warehouse in Perris, Calif., with Clarion Partners. <\/p>\n

The Perris Logistics Center is located at 3900 Indian Ave., near the southeast corner of Ramona Expressway and Indian Avenue, just 40 miles from Los Angeles and is directly in the growing Inland Empire corridor. Completed in 2014, the cross-dock building offers dual 280-foot truck courts, offices to suit, 312 trailer parking spaces, 360 car parking spaces, a fenced yard, 32-foot clear height, four ground level doors and 112 dock high doors.<\/p>\n

Kenco, one of the largest woman-owned, third-party logistics companies in the U.S., signed the lease as a way to expand, as it already operates numerous facilities in the greater Inland Empire region.<\/p>\n

\n

READ ALSO:<\/strong> Clarion Partners Buys $336M San Francisco Office<\/a><\/p>\n

\n

Ron Washle and Mark Kegans, both executive managing directors at Newmark Knight Frank, negotiated the deal on behalf of Kenco Logistics Services, while Colliers International\u2019s Steve Bellitti and Thomas Taylor represented the landlord.<\/p>\n

Rise of the empire<\/h2>\n

In 2018, developers added more inventory to the market<\/a> than at any point during the past decade, with new product concentrated in only a handful of submarkets. Last year, Yardi Matrix reported the Inland Empire\u2019s industrial market saw another peak year for development, with more than 22 million square feet delivered. <\/p>\n

According to NKF, the Inland Empire continues to lead other markets in absorption. The numbers for the last quarter show that market-wide vacancy stayed under 5 percent for the 24th consecutive quarter, and rent set a new record high at the same time.<\/p>\n

As of 2019, the Inland Empire contains 73 percent of Southern California\u2019s Class A warehouse inventory and provides numerous opportunities for occupiers to consolidate or expand operations.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the largest woman-owned, third-party logistics firms in the country, the company will move into a 700,000-square-foot building in Perris, Calif., later this year.<\/p>\n","protected":false},"author":451,"featured_media":1004334011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,21748,34027,21742,15],"tags":[32790,32763,32779,36007],"class_list":["post-1004333975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-industrial","category-inland-empire","category-latest","category-west","tag-clarion-partners","tag-colliers-international","tag-leed","tag-newmark-knight-frank"],"acf":[],"yoast_head":"\nKenco Logistics Signs 580 KSF Lease in the Inland Empire - Commercial Property Executive<\/title>\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\/news\/kenco-logistics-signs-580-ksf-lease-in-the-inland-empire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenco Logistics Signs 580 KSF Lease in the Inland Empire\" \/>\n<meta property=\"og:description\" content=\"One of the largest woman-owned, third-party logistics firms in the country, the company will move into a 700,000-square-foot building in Perris, Calif., later this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kenco-logistics-signs-580-ksf-lease-in-the-inland-empire\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-26T10:07:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-26T10:23:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Perris-Logistics-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kenco-logistics-signs-580-ksf-lease-in-the-inland-empire\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kenco-logistics-signs-580-ksf-lease-in-the-inland-empire\/\",\"name\":\"Kenco Logistics Signs 580 KSF Lease in the Inland Empire - 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