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2/07/18
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In development activity out of the Inland Empire, Newcastle Partners Inc has begun construction on Chino Hills Commerce Center in Chino Hills, which will total 100.3k sf. The company has also completed construction on Meridian Distribution Center II, a 503.6k sf project in Riverside.
Chino Hills Commerce Center is situated on just under five acres at 15291 Fairfield Ranch Rd. Grading recently began, with construction anticipated to be completed in August of this year.
The property features 5.3k sf of two-story office space, 10 dock-high loading doors, one grade-level door, 118 auto parking spaces and secured truck court and yard area. It offers easy access to the 71 Fwy, which connects to the 60, 91 and 15 freeways. David Consani, Jim Koenig and Jason Chao of CBRE are responsible for marketing the asset for sale or lease.
The newly completed Meridian Distribution Center II is situated on a 26.93-acre land parcel at 22000 Opportunity Way in Riverside. It provides 36-foot interior clearance, 88 dock-high doors, two ground-level doors, 150 trailer parking stalls, 217 auto parking spaces, and is located in the master-planned Meridian Business Park, which currently totals 6 msf of industrial space.
The project provides frontage as well as immediate access to the 215 Fwy at Van Buren Blvd. Corporate neighbors include Amazon, Sysco Corp., KIA Motors, UPS and McLane Food Service. Phil Lombardo, Chuck Belden and Andrew Starnes of Cushman & Wakefield’s Ontario office are responsible for marketing the project.
Newcastle Partners has developed more than five million sf of industrial product in the Inland Empire region over the past eight years. “With industrial demand being at an all-time high due to the explosion of ecommerce, and a lack of large, new construction product throughout Southern California, we continue to pursue new opportunities for development and see the region tightening even more over the coming years,” said Dennis Higgs, Managing Partner with Newcastle Partners.
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