One of the nation’s largest privately held transportation companies has signed a long-term lease at an Ontario, California, industrial property for a West Coast regional headquarters.
CRST The Transportation Solution Inc. will occupy a 125,480-square-foot warehouse at 1090 E. Belmont in the Inland Empire’s Airport Area submarket. The Cedar Rapids, Iowa-based company plans to establish a truck maintenance and logistics center on the 11.2-acre site that is minutes from Interstates 10 and 15 and State Route 91. Terms of the lease were not disclosed.
Stream Realty Partners Managing Director Jordan Decker and Senior Associate Adrian Boone represented the tenant in the transaction. Stream, a national commercial real estate firm offering an integrated platform of services, recruited the duo from Cushman & Wakefield, where the transaction originated. Decker and Boone now support Stream Chicago’s tenant representation team.
Kyle Kehner and Brice Larson of Cushman & Wakefield were a part of the original transaction team and provided local market knowledge and support to complete the deal. Clyde Stauff and Jace Gan of Colliers International represented the landlord, Realterm, an independent global investment manager focused on the transportation industry.
“Finding properties and facilities in the Inland Empire that satisfy operating and budget requirements is no small feat,” CRST CEO Hugh Ekberg said. “Adrian Boone and Jordan Decker from Stream, with support from the local Cushman & Wakefield team, provided great commitment, expertise, and diligence to find a property to deliver our planned operational and financial results. We look forward to moving our team and operations into the Belmont facility, realizing the benefits, and maintaining our business relationship with Stream.”
CRST’s new Class A industrial building offers 103,436 square feet of warehouse space, plus two offices and a maintenance facility. The property features 30-foot clear heights, 66 dock-high loading doors, two grade-level loading doors via a ramp, 102 trailer stalls, 126 car parking spaces, an ESFR sprinkler system with K-17 heads, a large paved and secured yard area, and a fuel island.
The property provides immediate access to State Route 60 via Grove Avenue and is ideally situated with Ontario International Airport less than 2 miles away. Additional airports–including Los Angeles International, Long Beach, and John Wayne–and the ports of Los Angeles and Long Beach are all within 55 miles.
“The Inland Empire submarket is a perfect location for CRST’s West Coast regional headquarters,” Decker said. “The location is well situated for its local employee base, and the proximity to I-15 and I-10 provides ideal access for their truck drivers. Our client will be well-positioned to benefit from the continued growth of e-commerce in a location that is so close to Los Angeles via rail and highway. Some of the nation’s largest retailers, distributors, and e-commerce firms call this region home, and we know CRST will fit right in.”
Stream has a rapidly growing presence in Southern California, with a core office in Irvine and satellite location in the Inland Empire that focuses on industrial development, leasing, and property management.