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10/16/18
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Ivanhoe Cambridge and CapRock Partners have started work on Phase I of Colony Commerce Center in Ontario. Located at the northeast corner of Carpenter and Remington Avenues, Colony Commerce Center Phase I will comprise 1.3 msf of industrial space divided in two Class A, state-of-the-art industrial buildings of 589k sf and 700k sf respectively, both with 36-foot clear heights.
“We are bullish on the North American industrial market, and with low vacancy rates and strong rent growth in the Inland Empire, Colony Commerce Center is strongly positioned to meet tenant demand,” said Mario D. Morroni, Executive Vice President, Industrial, North America, at Ivanhoé Cambridge. “This is an especially significant project for Ivanhoé Cambridge – one that enables us to establish a strong foothold in the Southern California industrial market by delivering state-of-the-art industrial facilities in a fast-growing region during a critical time of need for industrial space.”
Minutes from Ontario International Airport and Highways I-15, I-10, SR-60, SR-91 and SR-71, Colony Commerce Center Phase I will have 185-foot-wide truck courts, cross-dock loading, 100%-concrete drive areas and excess trailer parking stalls. The logistics complex is in close proximity to corporate neighbors such as Walmart, FedEx and Amazon, and is a few miles away from major retail amenities.
CapRock Partners will also develop Phase II of the logistics complex for Ivanhoé Cambridge. Colony Commerce Center Phase II is directly adjacent to Phase I on the southwest corner of Archibald and Merrill Avenues, and will include a 1 msf, single LEED-certified building with a 40-foot clear height that anchors eight additional small-box buildings ranging from 35k sf to 140k sf, for a total of approximately 1.7 msf. Construction is on track to commence by year end.
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