(Irvine, CA – June 21, 2021) The Southern California office of Duke Realty (NYSE: DRE), the largest domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has signed a full building prelease of its under-construction logistics facility at 10415 8th Street in Rancho Cucamonga in the Inland West submarket. Joyin Inc., an e-commerce retailer of children’s toys, party supplies, costumes and seasonal products, will occupy the entire 120,609-square-foot building this fall.
“We started the speculative development of this building based on the strong, ongoing demand for well-located, state-of-the-art logistics space in Southern California,” said Nancy Shultz, Senior Vice President of Duke Realty’s Southern California operations. “Fortunately for us, the building’s location near the intersection of the I-10 and 15, and its proximity to Joyin’s workforce prompted our new tenant to commit to this space even before its completion.”
“As we continue to grow our business, we felt it was critical to move our operations to a more efficient, modern space,” said Liang Huang, General Manager with Joyin. “This facility checks all of our boxes in terms of features, size, location and highway access, and will enable us to consolidate the services previously provided by several different 3PLs, giving us greater control over our supply chain.”
Founded in 2015, Joyin has grown to become one of the fastest-growing designers and manufacturers of children’s toys, pool inflatables, costumes, and party supplies with more than 2,000 products, many of which they designed themselves and patented.
Joyin was represented in the transaction by Rusty Smith and Ty Newland with Cushman and Wakefield, while Duke Realty’s listing broker was Eric Fikse with DAUM Commercial.
Collin Phillips represented Duke Realty in the transaction along with listing broker Eric Fikse with DAUM Commercial.
Duke Realty’s Southern California portfolio totals 16.7 million square feet and its in-service occupancy rate is 100 percent.
About Duke Realty
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 162 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. Duke Realty can be followed on Twitter, LinkedIn, Facebook and YouTube.
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