THE ADDED VALUE REPORT

Goodman Logistics Center Rancho Cucamonga, Southern California, US.

UNITED STATES

Goodman delivered an outstanding result for Georgia-Pacific, signing one of the largest logistics leasing deals in Southern California in the past 10 years.

BILL HEIM

EXECUTIVE VICE PRESIDENT – PRINCIPAL
LEE & ASSOCIATES

Just outside Los Angeles, California, Goodman is capitalising on a lack of modern large-scale developments.

The Inland Empire region, arguably the most vibrant area for logistics and distribution centres in the United States, benefits from its close proximity to the ports of Long Beach and Los Angeles and infrastructure designed to move product across the country.

Despite this, over recent years very few development sites for large-scale distribution and warehouse space were submitted for planning approval. This led to an increase in customer demand for facilities over one million square feet (93,000 sqm), due to a lack of supply.

The main challenge we faced in building a successful facility in the region centred on the extreme difficulty in procuring sites, due to fractured ownership.

To resolve this issue we focused on identifying a development site large enough to meet the growing demand for ‘big box’ distribution. In response, we sourced a 3.3 million sq ft (303,000 sqm) site at Rancho Cucamonga and worked alongside County of San Bernadino to develop a product in a class of its own.

The development features 36 ft (11 m) clear height, 185 ft (56 m) deep concrete truck courts, a cross dock design and sustainable features that have achieved LEED certification, a highly regarded sustainable design standard.

Goodman

RIGHT
    SIZE

By understanding the demand for these large-scale facilities we were able to resist offers from smaller users and hold out to attract a single, full campus customer.

One month prior to completion Atlanta-based manufacturer Georgia-Pacific, one of the world’s leading makers of tissue, pulp, paper, packaging, building products and related chemicals, decided to consolidate operations in the Inland Empire, leasing 100% of the 1.6 million sq ft (148,669 sqm) logistics campus.

Through proactive scheduling with Georgia-Pacific, they were able to occupy early, which also enabled Goodman to achieve project cost savings.

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