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3/04/25
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Dedeaux Properties has received Certificates of Occupancy on five recently completed industrial developments in Southern California totaling approximately 850k sf of space.
750 Marlborough, Riverside |
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The projects include a 167k sf warehouse in Ontario, a 326k sf warehouse in Riverside, a 165k sf high-velocity distribution center in Fontana, a 53k sf cross-dock in Perris, a 52k sf cross-dock in San Bernardino and an 83k sf distribution center in Rialto. The deliveries come at a time when Southern California is experiencing the lowest volume of new industrial inventory in more than a decade. According to a report by Cushman & Wakefield, as of Q4 2024 only 12.6 msf were under development in the Inland Empire, representing the lowest volume since 2014.
“The disruption in the capital markets made it difficult for many developers to obtain construction financing, which has only served to thin the market and give it time to absorb the record amount of existing inventory,” said Dedeaux Properties President Matt Evans. “Still, the Inland Empire remains one of the strongest and most in-demand industrial markets in the United States buoyed by the Ports of Los Angeles and Long Beach, which combined continue to post record cargo traffic. This port activity will be a major demand driver for newly built, state-of-the-art logistics facilities like the ones we have delivered.”
Dedeaux Properties also announced that it has completed a series of strategic moves to enhance its position in the market to seize opportunities that arise in 2025 and beyond including capitalizing the redevelopment and investment of $750 mil of wholly owned properties.
The firm’s moves included:
• Recapitalization of a stabilized Industrial Outdoor Storage Portfolio, consisting of three sites totaling 1.1 msf of land in San Bernardino County. The transaction allowed Dedeaux to remain in the portfolio, continuing to benefit from stable cash flow with a new partner, Carlyle Group (a global investment firm based in Washington DC).
• Executed the sale of its first Kern County development project located in the master-planned industrial community of Tejon Ranch. The transaction with a textile owner/user company opened the door for Dedeaux to expand its relationship with the Tejon Ranch Company to develop another warehouse in Lebec. The planned 511k sf facility is scheduled to break ground this summer.
• Modified or refinanced the majority of 2024 completed projects to exit out of construction loans, freeing up significant equity to target new acquisition opportunities.
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