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6/09/14
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Goodman Birtcher is about to break ground on a $150 mil logistics center development in Rancho Cucamonga. Goodman Birtcher is the North American subsidiary of Goodman Group, Australia’s largest listed industrial property group with a global network spanning 33 cities and $24.5 bil of assets under management
Goodman Birtcher acquired the 74.9-acre property in Rancho Cucamonga in 2012 and is planning to develop 1.59 msf of prime quality logistics space at the strategically located site. The logistics center has been named Goodman Logistics Center Rancho Cucamonga and will comprise two cross-dock facilities of 555.7k sf and 1.03 msf, which are expected to be completed in March 2015 and May 2015 respectively.
The two facilities being constructed have a flexible and sustainable design, catering to a range of potential uses well-suited for logistics and e-commerce customers. Both buildings will offer a clear height of 36 feet, ample trailer parking stalls, superior site access and maneuvering space, with generous truck court depths of a minimum 185 feet.
The land acquisition was brokered by William Heim, Eloy Covarrubias and Joseph Werdein of Lee & Associates Ontario, who will also serve as the listing brokers for the project.
The new project signals the launch of a 15 msf development pipeline in key US logistics markets, which is expected to result in $1.4 bil of development work in progress from Goodman Birtcher’s operations over the next three years. It also follows the recent practical completion of Goodman Logistics Center Oakland, a new $45 mil logistics facility in the Bay area’s logistics hub.
Goodman Birtcher has secured eight prime sites in key logistics markets, including California, Pennsylvania and New Jersey, providing a 15 msf development pipeline. The company’s SoCal development portfolio comprises approximately 343 acres of land across five locations in infill Los Angeles and the Inland Empire West markets. The five Southern California development projects provide a total combined completion value of $775 mil.
Other planned SoCal projects include:
• Goodman Logistics Center Fontana – a recently acquired 30-acre site in Fontana for the planned development of a single 639k sf logistics facility.
• Goodman Commerce Center Eastvale – a 181-acre site located within the City of Eastvale and adjacent to the 15 Fwy. It offers a mixed-use development plan providing a variety of potential uses including retail, medical, hospitality, office, business park and light industrial totaling 3.7 msf.
• Goodman Logistics Center Santa Fe Springs – a master planned 53-acre site offering a planned total of 1.2 msf of warehouse distribution facilities across three buildings.
• Goodman Logistics Center Compton – a five-acre site offering the planned development of a 102k sf logistics facility, located just two miles from the 110 and 105 freeways.
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