Dedeaux Properties continues to be one of the most active developers and investors in logistics-oriented facilities in Southern California. Its mission remains consistent: to create property value for the aligned benefit of the community, investors, partners, shareholders, tenants, and team members.
Following two years of record transactional activity with over $1 billion in total budgeted project costs, Dedeaux has turned its attention to delivering more than one million square feet of best-in-class warehouse/distribution, truck terminals, trailer yards, and cold storage facilities. The new development adds to the firm’s existing portfolio of approximately seven million square feet of industrial and logistics space located throughout California, primarily Empire, Los Angeles County and the Bay area. Despite the high interest-rate environment, the firm continues to see increasing tenant interest and great feedback from the brokerage community. Dedeaux continues to look closely at opportunities to add value, thoughtfully pursuing new acquisition opportunities that meet our corporate core objectives.
In February, Dedeaux, in partnership with Basis Investment Group, invested in a 3.9-acre site, in an infill pocket of Rialto for the development of Rialto Village, an 83,000-squarefoot warehouse and distribution facility located at 1505 Willow Ave. in Rialto. With attractive construction financing secured in December
2022, the Dedeaux-led joint venture plans to complete building, with 32-foot clear ceiling heights, 18 docks, 5,490 square feet of of office, an ESFR sprinkler system and 66 parking spaces later this year. Rialto Village is accessed by the I-10, which feeds directly into Downtown Los Angeles and connects to various freeways leading south to the Port of Long Beach. Walls are scheduled to be tilted this week!
In March, Dedeaux completed and leased its brand new 35,000 square foot facility in the City of Industry to a multi-national technology company focusing on e-commerce.
Other projects reaching completion in the near term include high velocity truck terminals in the averaging 50,000 square foot range in Perris and San Bernardino as well as distribution warehouses as small as 50,000 to as large at 300,000+ in the Inland Empire as well as Lebec, as part of a master planned business park off the 5 Freeway.
Dedeaux Properties also recognizes its commitment to the communities in which they build. Director of marketing, Jessica Pisula, has led efforts in engagement with community organizations – ranging from park clean ups to community garden sponsorships, to awarding scholarships for Inland Empire kids and young adults, as well as Feeding America volunteering days.
“It’s important to build more than just real estate. We recognize the impact we have in the community and welcome the opportunity to integrate at the local level,” said Pisula.
Dedeaux has also continued to grow its team, welcoming three new members during 2023. Ryan Gautereaux and Viktor Simco have joined the ranks this year as assistant development manager and acquisitions manager, respectively, and Jordan Monsour has joined as in-house counsel. Gautereaux and Simco combined bring about 20 years of experience in real estate development, nance, and construction, while Monsour adds an additional 20 years of legal experience in real estate. Their positive attitude and go-getter mentality fit nicely with the Dedeaux company culture.
As the company has grown, Dedeaux has also been looking to grow its footprint and has now firmed up its plans to expand its corporate headquarters. Dedeaux recently acquired an 11,000 square foot of ce building in Santa Monica and is actively repositioning it with plans to move in early 2024. The new stateof-the-art office space is situated on the west side and will offer the growing team space it needs but also include amenities that suite the interests of the team, including a gym wellness space, golf simulator, and outdoor entertainment area.
“The incredible momentum of the last few years has weakened but not dissipated” said principal and managing manager Brett Dedeaux. “As the market matures, tenant demands shift but best in class facilities remain desirable.”
With Southern California markets and port-oriented facilities fulfilling the locational needs of users and on the development side, Dedeaux has taken the opportunity to elevate its assets with the equipment and technology that meet the fast pace and demanding needs of users.
Brett Dedeaux, who has been on the LA500 four years and counting, also manages the Rod Dedeaux Foundation, a nonprofit established in honor of his late grandfather – legendary baseball coach, Rod Dedeaux, which serves under privileged communities by funding scholarships, programs, and services in the greater Los Angeles area using baseball as a platform to cultivate success. The Dedeaux Properties team is committed to its industry and its community and continues to see the opportunity when others may not, adding to the longevity of the company.
Learn more at dedeauxproperties.com.
