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10/02/15
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Global industrial REIT Prologis has just acquired a 428.2k sf, state-of-the-art building in Rialto from CapRock Partners. The facility, located at 1508 West Casmalia St, north of the 210 Fwy and east of I-15, was just completed at the end of summer.
The building is part of a larger CapRock Partners project that encompasses 45 acres and two large-scale industrial buildings totaling more than 1 msf of space. Paul Earnhart, Brian Pharris, Jeff Smith, and Ryan Lal at Lee & Associates represented both OC-based CapRock and Prologis in the transaction.
Prologis pre-committed to the CapRock building in 2014 and the project broke ground in September 2014. The development is located at the signalized intersection of North Linden Ave and West Casmalia St. The building is close to the intersection of Interstates 10 and 15, placing it strategically in the center of key transportation corridors. Prologis currently owns approximately 41 msf of industrial real estate in the Inland Empire.
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