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August 9, 2006
Kenco Logistic Services announced today that it has signed a new lease to occupy a Class-A 170,671 square-foot free-standing industrial building located at 14651 Yorba Avenue in the 1.8 million square-foot master-planned Centerpointe Chino Business Park in Chino, California.
Tennessee-based Kenco Logistic Services, who will be relocating from their current 117,000 square-foot facility in Ontario, has plans to move into the award-winning Centerpointe Chino building in September of 2006. Kenco, which has had a presence in the Inland Empire for over twenty years, is enjoying continued growth in the area due to outstanding service in the public warehousing business. Kenco Logistic Services’ new enhanced operations at Centerpointe Chino will function as the firm’s regional distribution hub for The Greater Los Angeles Basin. The modern food-grade facility will serve customers with a need for overflow, port deconsolidation, value-added services and fulfillment.
The Jones Lang LaSalle team of Senior Vice President Sam Foster and Associate Steven Golubchik of the firm’s Los Angeles office in conjunction with Vice President Amber Taylor of Jones Lang LaSalle’s Dallas office represented Kenco Group in this transaction valued at $5 million. Phil Lombardo and Sean Austin of Trammell Crow Company represented the landlord, Kennedy & Associates.
“We are excited about our new location at the Centerpointe Chino Business Park,” Said Gary Mayfield CEO of Kenco Logistic Services. “We feel this operation will be instrumental in supporting our existing customer base and reaching out to new customers and markets.”
Other national tenants such as Proctor & Gamble and Pepsi Cola have recently signed on as a tenants at the well-located Centerpointe Chino Business Park.
About Kenco:
Kenco is a Tennessee-based third party logistics provider. Established in 1950, the company operates over 20 million square feet of warehouse space and employs more than 3,600 people in 20 states and Canada. Kenco provides logistic services for many industry-leading, Fortune 100 companies. Its Contract Warehousing Division manages 60+ dedicated facilities for the pharmaceutical, automotive, food, textile, appliance, and consumer products industries, while the Public Warehousing Division offers over four million square feet of shared space in the United States. Kenco partners with industry leading companies including DuPont, Cummins Engine, Whirlpool and GlaxoSmithKline.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to Forbes magazine’s Platinum 400, has more than 100 offices worldwide and operates in more than 430 cities in 50 countries. With 2005 revenues of approximately $1.4 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of 923 million square feet worldwide. In 2005, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at $43 billion. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate money management firms, with approximately $30 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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