Cushman & Wakefield has completed the sale/leaseback of 1885 W. Mission Blvd., a 201,100-square-foot Class A distribution center on 9.6 acres in Pomona. The commercial real estate services firm's Irvine, Calif.-based team of Jeff Chiate, Jeffrey Cole, Ed Hernandez and Phil Lombardo, along with Richard Baumstein and Marc Graham of the East Rutherford, N.J., office represented the seller, Konica Minolta Business Solutions U.S.A, Inc., and procured the buyer, CBRE Global Investors.
Under the terms of the transaction, Konica Minolta, a leader in content management with a focus on enterprise content, technology optimization and cloud services, will remain on-site as the full-building tenant. The company's seven-year lease term runs through December 2022.
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.