Property Types  Industrial
Tenant Signs on for 269,000 SF of Inland Empire Industrial Space
Jul 30, 2009

Newport Beach, Calif.-based Master Development Corp., the managing member of Ontario Two L.L.C., has inked a tenant to a six-year lease valued at $3.5 million in Phase II of its Thoroughbred Business Park, a 2 million-square-foot industrial park located in Ontario, Calif.

The lease is for approximately 269,000 square feet of industrial space in a building formerly occupied by The Sharper Image. An undisclosed tenant will be using this building as its West Coast distribution facility.

Thoroughbred Business Park is a joint venture between MDC, landowner The Johnson Trust and a large Midwestern pension trust. Built in three phases between 1996 and 2000, the property is one of the largest master-planned industrial parks in California’s Inland Empire.

Michael Chavez and Vince Anthony of Lee & Associates’ Ontario office represented the landlord in the transaction. Vince Manchee and Phil Lombardo of Cushman & Wakefield Inc. represented the tenant.

 
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Tenant Signs on for 269,000 SF of Inland Empire Industrial Space
Jul 30, 2009
Newport Beach, Calif.-based Master Development Corp., the managing member of Ontario Two L.L.C., has inked a tenant to a six-year lease valued at $3.5 million in Phase II of its Thoroughbred Business Park, a 2 million-square-foot industrial park located in Ontario, Calif.
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After three years of Silicon Valley-based GlobalFoundries and the State of New York working together to lay the financial groundwork, construction of GlobalFoundries' $4.2 billion semiconductor wafer manufacturing facility at the new 1,400-acre Luther Forest Technology Campus in Malta, N.Y., has just commenced. Officials expect the GlobalFoundries development to create 1,400 new manufacturing jobs, and they are keeping their fingers crossed that the 1.3-million-square-foot Fab 2 will spur additional investment in the area.
 
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