Goodman Group, one of the world’s largest industrial property groups, with a global network spanning 16 countries and $23 billion (A$30.3 billion) of assets under management, today announces that its wholly owned North American subsidiary, Goodman Birtcher has 100% leased the 1.6 million square foot Goodman Logistics Center Rancho Cucamonga to Georgia-Pacific for a long term lease.
The lease transaction has been signed one month prior to project completion and is one of the largest leases signed on an industrial development in Southern California, in the past 10 years.
Georgia-Pacific, a U.S. company based in Atlanta, Georgia, is a leading manufacturer and marketer of bath tissue, paper towels and napkins, tableware, paper-based packaging, office papers, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals. Beginning in August, a third party management company will operate a distribution facility at the Goodman Logistics Center Rancho Cucamonga to support Georgia-Pacific’s consumer products business.
Brandon Birtcher, Chief Executive Officer of Goodman Birtcher said: “We are delighted to welcome Georgia-Pacific to our LEED certified Goodman Logistics Center Rancho Cucamonga. This Class A logistics campus typifies our approach to providing flexible, high quality, modern industrial space in strategic locations, capable of meeting our customers’ unique operational requirements.”
Goodman Logistics Center Rancho Cucamonga is situated in the Inland Empire West, with excellent access to I-10 freeway, a primary transport route to the Ports of Los Angeles / Long Beach and Ontario International Airport.
The facility is yet another project of Goodman Birtcher’s $1.5 billion development pipeline, providing 15 million square feet of Class A logistics space in core US markets including California, Pennsylvania and New Jersey.
Goodman Birtcher is progressing with the rollout of its development pipeline and currently has three flexibly designed, large format logistics and warehouse developments underway in the Inland Empire market of Southern California. On completion, these developments in Rancho Cucamonga, Fontana and Eastvale will provide a combined 4.3 million square feet of prime space, suitable for a range of customer groups.
Goodman in the UK
Goodman has an impressive logistics operation in the UK. It has invested over £130 million in site infrastructure works across its UK land bank of over 800 acres and has 17 strategically-located sites capable of delivering over 16.5 million sq ft of bespoke development. Responding to the lack of quality supply in the UK, Goodman is speculatively developing 1.7 million sq ft in 13 logistics units across six schemes.
Over the last year, Goodman has completed construction of a 360,000 sq ft state-of-the-art distribution hub for the UK's fastest growing parcel delivery company, DPD, at Hinckley Commercial Park in Leicestershire. The £100 million development commenced in 2013 and will be fully operational by September 2015. Set over 32 acres, the facility was built for DPD under a pre-sale agreement with Goodman. Goodman also worked with one of the world’s leading logistics companies, Kuehne + Nagel, to deliver a fully fitted, state of the art, national distribution centre at Derby Commerical Park. The pre-lease development consists of a 589,518 sq ft warehouse and 14,553 sq ft office.