Deckers Outdoor Corp. signed a 10-year lease for an 800,000-square-foot distribution building in Moreno Valley, Calif., that is being developed by SARES-REGIS Group. The building, scheduled for completion next fall, is among three LEED-rated logistics facilities under way totaling 2.2 million square feet by SRG in Southern California's prime Inland Empire distribution corridor.

Lease consideration totals $37 million. The Deckers building is one of two facilities totaling 1.6 million square feet that SRG is building in Moreno Valley. SRG also is under way on a 579,708-square-foot building nearby in Perris.