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9/25/19
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Rockefeller Group has broken ground on a 203.9k sf, spec distribution center located on 8.78 acres of industrial land in Moreno Valley. The new building, which follows Rockefeller Group’s recent completion of 2 msf of new industrial product in the Inland Empire, will be marketed as Centerpointe Commerce Center and is expected to be completed in summer 2020.
Rockefeller Group acquired the property from Newcastle Partners Inc in April of this year. Newcastle pursued the required governmental approvals for the project beginning in October 2017, and successfully obtained the entitlements and zoning just prior to Rockefeller Group’s purchase of the property.
Located on Frederick St in Moreno Valley, the dock-high industrial building will feature 32-foot clear ceiling heights, 8k sf of speculative office improvements, 106 auto-parking stalls and 26 trailer-parking stalls. Centerpointe Commerce Center will also offer convenient access to several major Southern California freeways including the I-215, SR-60, SR-91 and I-10. The property is also close to Ontario International Airport, the BNSF Intermodal Yard and the Ports of Los Angeles and Long Beach and is less than 1.5 miles from access to and from the I-215 Freeway.
“The strong market demand for small to medium-sized industrial buildings in the Inland Empire has continued unabated due to low vacancy rates,” said Marc Berg, Vice President and Regional Director for Rockefeller Group’s West Region. “We’re excited to begin construction and deliver a product to the marketplace that is state-of-the-art and ideal for e-commerce tenants looking for a new or expanded presence in the area.”
Newport Beach-based RM Dalton is the general contractor. Herdman Architecture + Design, Inc designed the project and SDH & Associates served as the project’s civil engineer. Bill Heim, Finn Comer, Alex Heim and Nesha Ritchie of Lee & Associates are the exclusive leasing agents for Centerpointe Commerce Center.
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