CUSHMAN & WAKEFIELD INKS 203,000-SQ.-FT. INLAND EMPIRE LEASE

Taylored Services Relocates to 14211 Monte Vista Ave. in Chino, Calif.

CHINO, CA – May 11, 2011 – (RealEstateRama) — Commercial real estate services firm Cushman & Wakefield, Inc. has brokered a 203,000-square-foot industrial lease for Taylored Services, LLC, at 14211 Monte Vista Ave. in Chino. The supply chain and logistics management solutions provider has added this property to its regional distribution center in an expansion move; the company maintains a presence of approximately 700,000 square feet in the local market.

Tim Pimentel, Chuck Belden and Kyle Kehner of Cushman & Wakefield’s Inland Empire industrial brokerage team headed the assignment on behalf of Taylored Services; the firms maintain a long-term relationship. East Group Properties, which owns the property, was represented by Chris Brandt, Sam Foster and Mike Fowler of Jones Lang LaSalle.

“The new location will accommodate Taylored Services’ continued growth,” Pimentel said. “We mainly targeted buildings in Chino area for the company’s additional space requirement. By concentrating its facilities locally, our client is able to ensure efficient operations and keep its delivery cost-per-container down.”

Taylored Services’ client base includes many name brand consumer and industrial products companies. In addition to its West Coast operations, the 18-year-old company maintains a sizable presence near Port Newark-Elizabeth in New Jersey.

Pimentel noted that Taylored Services took advantage of historically low rental rates to upsize. “Despite the fact that the vacancy rate in the Chino submarket – currently 6.4 percent – remains among the lowest in the Inland Empire, rental rates are still off peak,” he said. “Companies today can secure deals in Chino at about 15 to 20 percent below what they would have paid in 2007.

“This may be short lived,” he added. “Many tenants, like Taylored Services, are expanding. Others, who may have priced out of the market, are migrating back toward the coast. As available space gets tighter, rents will begin to rise.”

Cushman & Wakefield, Inc.’s industrial brokerage platform provides global resources for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions nationwide – totaling 141.6 million square feet in leases and 52.9 million square feet in sales – with an aggregate value of nearly $5 billion. This represented a year-over-year revenue increase of 26.7 percent.

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Cushman & Wakefield National Industrial