Hansen Natural Corp.’s Monster needs a bigger cage.
The beverage company, best known for its Monster energy drinks, just signed a $20 million deal for a big expansion and corporate relocation just over the county line in Corona.
The company, based nearby in Corona, plans to move its main warehouse to a 346,495-square-foot building on Pomona Rincon Road in Corona early next year.
Hansen is leasing the space for 10 years in a deal valued at $20 million.
Also on tap: a 25,000-square-foot office building to be built alongside the warehouse, according to Jeff Chiate, senior director for the Irvine office of Cushman & Wakefield Inc.
It’s the latest sign of growth for Hansen, the 75-year-old company led by two Orange County residents, Rodney Sacks and Hilton Schlosberg.
The two men bought Hansen for about $20 million in 1992, after moving to OC from South Africa. They moved the company from Anaheim to Corona in 1998.
For more on this story, see the Oct. 30 edition of the Business Journal.
