May 3, 2016
Upon completing the development of a 582,772 square foot industrial building in Riverside on behalf of Alessandro Partners, LLC., Western Realco has solidified a more than 10-year lease with Ascena Retail Group, Inc. (ASNA). The building, located at 7295 San Gorgonio Drive, will be the retail group’s first West Coast distribution center. Ascena will take up the space on July 1.
On 30.25 acres of land, the building features 84 dock-high loading doors, 100 trailer parking spaces, and is immediately accessible to the 215 and SR-60 freeways. Western Realco’s Principal Vance C. Mape said, ““The location provides a critical link for Ascena’s distribution, putting the retailer at the heart of one of the nation’s most efficient goods movement systems.”
Cushman and Wakefield’s Chuck Belden and Commercial Realty Advisors James Panting represented Alessandro Partners, while JLL’s Mike McCrary, Peter McWilliams and Nicole Welch brokered the transaction for Ascena Retail Group.