TEMECULA – Avison Young announced that it has negotiated a seven-year, 47,808-square-foot industrial lease on behalf of Cali Wine and Vine at 43085 Business Park Drive in Temecula. Cali Wine and Vine will use the space as its headquarters, wine-making, bottling, labeling, storage and distribution services.
Cody Lerner, a senior vice president, and Stan Nowak, a principal, who are both based in Avison Young’s Inland Empire office in Ontario, represented Cali Vine and Wine. The landlord, Oltmans Investment Company LLC, was represented by Carey Pastor of Coldwell Banker Commercial.
With this new lease, Cali Vine and Wine is nearly doubling its current space by consolidating and relocating from two locations in Temecula and Lake Elsinore. Move-in is anticipated for August 2020, once tenant improvements have been made which include the addition of ceiling insulation; cooling towers for wine storage; as well as tanks and equipment associated with winemaking.
“Cali Wine and Vine has been experiencing impressive growth over the past few years and needed to expand its operations,” Lerner said. “This building creates the opportunity for them to consolidate into one building to maximize production and efficiencies.”
“We have been working with the Avison Young team on our facilities and space needs for about four years now,” Mike Janko, president with Cali Vine and Wine, said. “Because we needed to build out such substantial improvements on our new space, we didn’t think we could support this move from a cost standpoint, however, Cody and Stan were able to structure a lease we thought was impossible. They negotiated a deal with several months of free rent loaded upfront which would allow us to consolidate and make the transition to our new space economically feasible.”
The new space is in a 140,436-square-foot industrial building within Rancho California Business Park and offers Cali Wine and Vine 24-foot clear height, dock and grade level loading, a fenced yard and office space. The property provides easy access to Interstate 15 via Rancho California Road and is just minutes from Old Town Temecula and City Hall.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.
Avison Young is a 2019 winner of the Canada’s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for eight consecutive years.
Submitted by Avison Young.