ONTARIO, CA, June 10, 2019 – Cushman & Wakefield announced today that West Coast Steel & Processing U.S.A. (dba SteelCo USA), the premier steel service center on the West Coast, has acquired a 68,175-square-foot (sf) manufacturing facility in Chino, CA for $10.7 million. West Coast Steel divisions include SteelCo USA, Great Pacific Elbow, Mission Metals, and Deluxe Building Products.
Located at 13900 Sycamore Way, the property will serve as SteelCo USA’s sixth facility in the Inland Empire. Tim Pimentel, Chuck Belden, Kyle Kehner from Cushman & Wakefield’s Ontario office have represented SteelCo USA for over 10 years and represented the buyer in the transaction. The seller, a private individual, was represented by David Nguyen from Lee & Associates and Brad Yates from Colliers International.
Built in 1986, 13900 Sycamore Way features 10,116 sf of office space, 26’ minimum clear height, and 8 ground-level drive-in doors with 1.83 acres of excess land. Its prominent location between the 60, 71, and 83 Freeways provides excellent access to transportation routes serving Southern California.
“SteelCo purchased the property to support their expansion and it will be used to process and distribute product from one of their three divisions,” said Mr. Pimentel, Managing Director. “In their newly purchased facility, they will be better able to service their customers’ needs with needed added square footage.”
Prior to this acquisition, SteelCo USA most recently leased a 47,308-sf facility at 1350 Lexington Ave in Pomona in a deal also brokered by Cushman & Wakefield. Combined with the newly acquired Sycamore Way, West Coast Steel & Processing and its divisions controls approximately 300,000 sf of manufacturing and warehouse space in the Inland Empire West.
For more information on SteelCo USA, visit www.steelcousa.com
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.