Dedeaux Properties and joint venture partner Artemis Real Estate Partners have sold a recently completed state-of-the-art warehouse building in Riverside, Calif., to Loctek for $44.4 million.
Loctek, a Chinese-based ergonomic office furniture manufacturer, is relocating and expanding its Western United States logistics hub to the 361,346-square-foot building at 6075 Lance Drive from a smaller facility in Northern California. The building was developed by Dedeaux Properties, which specializes in the investment and development of logistics-oriented real estate in California.
“We designed this as a state-of-the-art distribution facility featuring 37 dock-high loading doors, 32-foot warehouse clearance, 7-inch thick Ductilecrete concrete floors, ESFR fire sprinkler system in addition to a secured truck court to accommodate 53 trailers,” said Ben Horning, Dedeaux Properties’ director of development. “This type of execution with the buyer illustrates that our focus
