Lecangs Takes Down Full 1.2M SF Spec Facility
By: Lisa Brown
Duke Realty Corporation recently secured a full building tenant for its new 1.2 million-square-foot speculative distribution facility in Perris, CA, according to Cushman & Wakefield. The tenant is Lecangs LLC, whose parent company, Loctek Ergonomic Technology Corporation, designs and manufactures the branded ergonomic products, Flexispot.
Situated on more than 55 acres, the project is located at 728 W. Rider St. in Riverside County. The speculative development is scheduled for completion by the end of 2021.
Chuck Belden, Phil Lombardo, Kyle Kehner, Tim Pimentel and Brice Larson with Cushman & Wakefield’s Ontario/Inland Empire office and Duke Realty’s Collin Phillips represented Duke Realty in the transaction. Ian Devries and Chris Devries with Colliers International as well as Jennifer Whelan from AZ Realty & Investment Corp represented the tenant.
“The Inland Empire industrial market remains white hot, with historic low vacancies and is very constrained for both class-A and class-B industrial space,” says Belden. “This best-in-class facility built by Duke Realty provided an exceptional class-A project presenting a highly attractive, well-designed option amid a challenging marketplace for larger occupants trying to identify well-located modern, quality space in Southern California. The location also provides tremendous regional and interstate accessibility.”
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