ONTARIO, CALIF. — Sares Regis Group has signed four new leases for distribution buildings within the Meredith International Centre in Ontario. The leases contain a total of 972,000 square feet. The project is situated on 150 acres near Ontario International Airport.
All of the lease agreements range from five to 10 years. Five out of the seven buildings at the project are now fully leased. The two remaining buildings contain 575,000 square feet and 398,000 square feet.
New leases were signed with international marketing, financial and technology service provider Arvato, which leased a 552,000-square-foot building; international air services provider Metro Air Service, which rented a 155,000-square-foot building; aftermarket automotive wheels and accessories maker and distributor the Wheel Group, which absorbed a 138,000-square-foot building; and transportation management solutions provider Metropolitan Logistics Services, which leased a 127,000-square-foot building.
Joe McKay and Chris Morrell of Lee & Associates represented Sares Regis in the deals. Meredith International Centre totals 243 acres and includes plans for 1.1 million square feet of office and retail space and 800 apartments.