October 04, 2017
Genera Corporation leases 210,930 square foot industrial building in Fontana, CA
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Los Angeles, Calif. (October 4, 2017) - Genera Corporation, a privately held manufacturer and distributor of automotive OEM aftermarket parts and components, has completed a 10-year term lease on an industrial building in Bolger Business Center located at 13232 Valley Boulevard in Fontana, California. The property is owned by Bolger Family Trust, a private investor. Kidder Mathews commercial real estate brokers, Jon Reno, SIOR, CCIM and Trevor Gale, together with Conrad Madsen III, SIOR of Paladin represented Genera Corporation in the transaction. The landlord was represented by Frank Schulz, SIOR and David Prior, SIOR of The Klabin Company and Chuck Belden, SIOR of Cushman & Wakefield. Consideration was $14,100,000.
"Competition for comparable space in the Inland Empire West market, where the property is located remains fierce. Genera was able to capitalize and move on the space quickly with the data we presented," said Reno. "Genera Corporation has six distribution centers across the United States. They had outgrown their current location and required a larger facility for the Southwest region," he said.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with nearly 800 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 48 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.