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December 8, 2019
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INLAND EMPIRE NEWS
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Transwestern Development Company Acquires 22-Acre Development Site in Eastvale

8/27/19

Transwestern Development Co (TDC) has acquired a 22.34-acre site in Eastvale, about 50 miles east of downtown Los Angeles, for the development of a two-building industrial project encompassing approximately 337.9k sf of Class A warehouse space. The site provides frontage on Limonite Ave near Hellman and Remington Avenues.

TDCs National Logistics Group plans to break ground on the project in December of this year, with substantial completion expected in late summer 2020. Both state-of-the-art buildings will be unique in the market and provide fenced and secure truck courts, ESFR fire suppression, and extra yard trailer storage. Building 1 will total 267.7k sf and have 36-foot ceiling clearance, with Building 2 encompassing 70.7k sf and a 32-foot ceiling clearance.

This was a rare opportunity to take advantage of one of the last remaining land parcels in the Eastvale submarket of the Inland Empire West, said Stephen Batcheller, Western Regional Partner in TDCs National Logistics Group. The Inland Empire lures both large and small businesses that are heavily investing in infrastructure and providing thousands of jobs, leading the charge to strengthen the local economy.

The site is in the Inland Empire West submarket, which has a current vacancy rate of only 1.9%, substantially below the national average of 4.4%. The Inland Empire West offers unparalleled infrastructure and is home to the busiest rail corridor in the U.S., served by Union Pacific and BNSF. The Inland Empire West also offers users lower drayage rates than other Inland Empire areas, as it is located approximately 60 miles northeast from the Ports of Los Angeles and Long Beach.

The location is an infill area that attracts distribution users given the immediate access to the major thoroughfares, including State Route 60 and Interstates 15 and 10, as well as proximity to the Ports of Los Angeles/Long Beach, the UP Intermodal Container Facility, the UPS and FedEx hubs, and both the Ontario International Airport and Chino Airport. Well-known surrounding tenants include Walmart, Amazon, FedEx, NFI, Famous Footwear, Honda, Yokohama and UPS.

The project team includes: Fullmer Construction as the general contractor; HPA as the architect; Thienes Engineering as the civil engineer; Southern Cal Geotechnical as the geotechnical engineer; Avocet as the environmental engineer; and CBRE as the leasing team.





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