June 2010 - HOLLYWOOD RIBBON WRAPS UP 135,000 SQ. FT. LEASE WITH DEDEAUX PROPERTIES

 

Rancho Cucamonga, CA -

Dedeaux Properties LLC (www.dedeauxproperties.com) is

pleased to announce the lease of a 135,000 sq ft property at 9000 Rochester Avenue in

Rancho Cucamonga, CA. The building was recently renovated with expanded loading

docks and a new concrete yard.

 

The landlord, Dedeaux Properties, LLC was represented by Brett Dedeaux, Rustin Mork

and Anthony Dedeaux from Binswanger/Realty Advisory Group. Binswanger also

represented the lessee, Hollywood Ribbon Industries, manufacturers of ribbons and bows,

and leaders in the gift wrap industry for more than 50 years.

 

Dedeaux Properties’ legal counsel was John Duffy at DLA Piper in downtown Los

Angeles. The lease contract is a 5 year lease valued at over $2.2 million commencing

June 2010.

 

“This is a classic example of a long-standing Los Angeles firm operating

out of an older, inefficient space moving to the Inland Empire to benefit

from efficiencies of a newer, more modern facility. In addition,

Hollywood Ribbon is taking advantage of the current real estate

environment to strike a deal at enticing, economic lease terms.”

 

“Although lease rates still have a while to go to return to pricing at the

peak of the market in 2007, activity for 2010 has picked up substantially

and leasing has been relatively strong in the first two quarters,” according

to Brett Dedeaux.

 

Based in Los Angeles, Dedeaux Properties, LLC is a family-controlled partnership which

has enjoyed a successful history of over 50 years in the development, acquisition and

management of over 4 million square feet of industrial properties located predominantly

in Southern California and the Greater Chicago areas.