June 16, 2020
California-based Toolots Inc. signed a 436,350-square-foot lease at a warehouse distribution facility located at 17783 Indian St. in Moreno Valley, CA. The building is owned and operated by KKR Alpha Industries, a leading owner and operator of industrial, logistics, and warehouse/distribution properties.
Kidder Mathews’ Robert Feathers and Brian Bennett represented Toolots Inc. in the transaction. The tenant is an online marketplace and distribution channel for factory-direct industrial tools, machinery, and technology.
“There’s a notion the industry stopped due to COVID-19, but deals are still getting done. Tenants will come out of COVID-19 and take advantage of the market despite others going out of business or downsizing,” said Feathers.
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