Real Estate
Harvill Avenue Associates Sign Long Term Tenant
Joint Venture Signs Cypress Medical Products to 7-year lease at Harvill Logistics Center
The partnership of the Blumenfeld Development Group (BDG), Cyburt Holdings, LLC and Declaration Partners (Harvill Avenue Associates) announced today that Cypress Medical Products LLC, a Medical Care company, has signed a 7-year lease as the sole tenant at the Harvill Logistics Center in Perris, California.
Located in Riverside County, the construction of the 333, 572 square foot industrial space was completed in 2021 and purchased by the joint venture shortly thereafter. The space will serve as a distribution center for a variety of medical products and equipment, such as latex gloves, surgical kits, transport chairs, walkers in addition to some of Cypress Medical Products private label merchandise. Cypress Medical Products expects to take occupancy of the center on June 1, 2023.
“Our partnership with Cyburt Holdings and Declaration Partners provides us the opportunity to expand our reach throughout the country,” said David Blumenfeld, Vice President, Blumenfeld Development Group. “The acquisition of Harvill Logistics Center and signing of Cypress Medical Products as its sole tenant is a prime example of the capability of this relationship."
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“Working with the Blumenfeld Development Group and Cyburt Holdings allows us to work with some of the most respected companies in the Real Estate Development industry,” said David Rabin, Managing Director, Declaration Partners.” “Being able to acquire the Harvill Logistics Center and secure a tenant became a reality because of the scope and strength of this partnership.”
Harvill Avenue Associates was represented by Andrew Starnes, Phil Lombardo and Chuck Belden of Cushman & Wakefield and Cypress Medical Products by Jason Ovadia and Ada Wong of JLL.
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About Blumenfeld Development Group (BDG)
Blumenfeld Development Group is a full-service real estate development firm with a diverse portfolio in the New York metropolitan region that is expanding into other national markets. BDG develops all asset types including industrial and logistics, multifamily, retail, office, medical office, aviation related, and experiential entertainment. BDG services include leasing, acquisitions, property management, construction, land use, architecture, engineering and design. BDG not only supports a host of charitable based initiatives, but regularly invests in the local communities in which it develops.