ONTARIO, CALIF. (Dec. 13, 1:05 p.m. ET) — CT Realty Investors Inc. says that Pacific Urethane LLC has taken 150,240 square feet of space and Precision Foam LLC 43,492 square feet on Champagne Ave. in Ontario.
The five-year leases are costing $3 million and $1 million respectively, said the real estate firm.
Pacific Urethane will occupy the majority of the northern half of the Champagne building and use the space to make polyurethane foam to supply mattress, bedding and furniture manufacturers.
Precision Foam will use its space to fabricate foam products to be sold in the furniture and bedding industry.
Amcor PET Packaging leases the remaining half of the building.