Cushman & Wakefield represented Hansen Beverage Co. in the relocation of its principal distribution center to a larger facility in Corona, Calif.
The value of the lease transaction was $20 million.
The new space is a 346,495-square-foot building at 1990 Pomona Rincon Road. Hansen will occupy the facility under a 10-year lease agreement.
Hansen, a marketer of alternative beverages and energy drinks, previously leased around 200,000 square feet at its two facilities on Railroad Street, also in Corona. Explosive business growth has led the company to relocate to the much larger facility on Pomona Rincon Road, which is owned by Watson Land Co. and occupied previously by Certified Grocers.
Cushman & Wakefield is a privately held real estate services firm operating in 58 countries worldwide.