FONTANA, Calif., Aug. 8, 2016 /PRNewswire/ -- Goodman Group (Goodman or Group), one of the world's largest industrial property groups, with a global network spanning 16 countries and over $25 billion (A$33 billion) of assets under management, today announces that its wholly owned North American subsidiary, Goodman Birtcher, has secured a lease with Walmart for 639,473 square feet at Goodman Logistics Center Fontana, California.
Goodman's North American platform continues to gain momentum with the recent lease transaction completed with Walmart for 100% of Goodman Logistics Center Fontana. This lease adds to Goodman Birtcher's growing customer base in North America including Georgia Pacific, Amazon, Safeway, CTSI Logistics and Volkswagen Group.
Brandon Birtcher, CEO of Goodman Birtcher said, "The new facility represents Goodman's third lease with Walmart and expands our existing relationship with the multinational retailer. We look forward to supporting Walmart's future growth in North America and welcome them to our modern, high quality logistics facility."
Goodman Logistics Center Fontana benefits from excellent infrastructure connections, located less than one mile from the I-10, nine miles from Ontario International Airport, four miles from FedEx's international parcel hub, and approximately 60 miles from the Ports of Los Angeles / Long Beach.
Starting on the first of August, Walmart will take occupancy of the recently constructed, Class A logistics facility. Lee and Associates represented Goodman and Walmart was advised by JLL on the lease transaction.
Goodman Logistics Center Fontana is one of a number of projects in Goodman Birtcher's US$2.3 billion identified US development pipeline, which will provide 17.7 million square feet of Class A logistics space. Goodman Birtcher continues to execute its US strategy, which is focused on growing its portfolio organically, targeting selective development and value add opportunities in the key logistics and industrial markets of Inland Empire, Greater Los Angeles, Northern New Jersey and Central Pennsylvania.
Over the last 12 months, Goodman Birtcher has completed 3.3 million square feet of Class A development product in the Inland Empire West and Greater Los Angeles logistics markets, with a further 2.6 million square feet currently under construction. This is consistent with Goodman's ongoing commitment to servicing the needs of its global customer base through the development of modern, well-located properties for long-term ownership.
About Goodman Birtcher
Goodman Birtcher is a wholly owned US subsidiary of Goodman Group, established in June 2012 and includes the former business of Birtcher Development and Investments. It is located in Irvine, California with a regional office in Allentown, Pennsylvania.
For more information: www.goodmanbirtcher.com
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
For more information: www.goodman.com
SOURCE Goodman Birtcher