February 23, 2017
Nellson LLC, signed a 302,080 square-foot lease valued at $30 million at an industrial/R&D facility in Ontario, CA. The nutrition bar and powder manufacturer is relocating to 1000 S. Etiwanda Ave.
Voit Real Estate Services’ Frank Geraci represented the tenant, as well as the landlord, IDI Gazeley, in the off-market transaction.
Geraci said, “Nellson was planning a move from its four-building, aging campus in Irwindale [CA], and was seeking a modern property that could deliver optimal efficiency, increased capacity, and expansion space to support future growth.”
Nellson plans to invest $40 million-$50 million in the Ontario facility to create a world-class production facility by Q1 2018. That will add an R&D lab, as well as segregated production lines.
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