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.
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.
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.
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.