RIVERSIDE, Calif., Jan. 19, 2016 - NRI USA LLC has expanded its Los Angeles South Bay market presence with a 70,000-square-foot lease in Riverside, announced commercial real estate services firm Cushman & Wakefield. The third-party logistics warehousing and fulfillment company specializes in branded footwear, apparel and accessories.
Cushman & Wakefield industrial brokers Tim Pimentel and Rusty Smith represented NRI Distribution in the long-term transaction at 1350 Brown Ave., which is part of the Agua Mansa Business Center. Patrick Wood of JLL served as landlord representative for Brown Avenue Investors LLC.
Pimentel and Smith also represented NRI USA LLC in 2013, when the company committed to 115,000 square feet in Fontana, Calif. In sum, the rapidly expanding, Canada-based firm occupies approximately 300,000 square feet in the South Bay market.
"From the outset NRI expected to expand into additional square footage," Pimentel said. "With the market being so tight, and rents pushing higher close to the coast, the company was willing to look a little further inland. We recently completed another deal with the owner of 1350 Brown Ave. - at a neighboring building in Riverside - and our relationship provided an advantage in identifying the opportunity and securing the lease."
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2014 globally, this group completed more than 8,200 industrial lease and sale transactions, including Capital Markets transactions, totaling nearly 337 million square feet with an aggregate value in excess of $16.8 billion.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm's 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.