Applied Industrial Technologies’ (AIT) has signed a five-year, $6 million lease renewal and extension for 165,300 square feet of distribution space located at 11899 Cabernet Drive at Vintage Park East in Fontana, California, owned by Vintage Park East LLC. The space houses multiple divisions of the company and serves as one of the primary distribution hubs for its Western U.S. operations.
Jeff Saywitz, SVP and partner for the tenant-rep group at Voit Real Estate Services, represented AIT in the transaction. Robin Dean, VP of asset management for Washington Capital Management Inc., represented the landlord.
“AIT is pleased to have been able to secure favorable terms and continue its long-standing tenancy in the park,” according to Saywitz. “Ownership’s flexibility and consideration is also allowing AIT to perform improvements to help the company function more efficiently.”