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6/16/25
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There have been four new lease signings at Palomino Ranch Business Park, a state-of-the-art, 2 msf Class A industrial development in Norco. The full building deals total roughly 262k sf of space at the new campus, a development of CapRock Partners.
At completion, Palomino Ranch Business Park will be the largest industrial development in Norco’s history. The park will consist of 24 buildings on roughly 112 acres. The first phase is complete and consists of eight stand-alone industrial buildings totaling approximately 700k sf on 44 acres, with buildings ranging in size from approximately 57k sf to 159k sf and clear heights between 30 and 36 feet. The total project entails three phases. The second and third phases have yet to commence construction.
The four new tenants at Palomino Ranch Business Park have leased Buildings 8, 15, 17 and 18. Completed in 2023 as part of Phase 1, these buildings each feature five dock-high doors, ESFR sprinklers, 1600 amps of power, and a secured concrete truck court.
• Building 8, located at 1860 Mountain Ave, is 72.2k sf in size with a 32-foot clear height. It is leased to a wholesale warehousing and reverse-logistics user.
• Building 15, located at 1810 Mountain Ave, is 64.6k sf in size with a 32-foot clear height. It is leased to a warehousing and distributer of popular consumer collectibles.
• Building 17, located at 1910 Mountain Ave, is 68.3k sf in size with a 30-foot clear height. It is leased to a publicly traded international third party-logistics user.
• Building 18, located at 1900 Mountain Ave, is 57.1k sf in size with a 30-foot clear height. It is leased to a producer and distributor of consumer-grade solar products.
The project is LEED Silver-certified and integrates architectural design elements that honor Norco’s equestrian heritage, including wrap-around wooden porches, perimeter horse trails, and lantern streetlighting, reflecting the city’s slogan, “Horsetown U.S.A.”
“Palomino Ranch Business Park showcases CapRock’s commitment to building high-performance industrial spaces that drive economic growth and innovation,” said Jon Pharris, co-founder and president of CapRock Partners. “This modern warehouse complex reflects our long-term vision to create future-ready logistics hubs that bolster regional supply chains and support business expansion.”
Strategically located west of Interstate 15 and accessible via the Second Street exit, Palomino Ranch Business Park offers fluid connectivity to regional and national logistics corridors. It is approximately two miles north of the 91 Fwy/I-15 interchange and provides convenient access to the 71, 60, and I-10 freeways. The project is within an hour’s drive to Los Angeles International Airport and the ports of Los Angeles and Long Beach, and is within one-day truck service to the Bay Area, Las Vegas, Phoenix, and Salt Lake City.
CapRock was represented in the four lease transactions by Ryan Earnhart, Jeff Ruscigno, Brian Pharris, Paul Earnhart, Jeff Smith and Austin Hill of Lee & Associates Commercial Real Estate Services. The tenant representatives are as follows:
• Building 8: John Seoane at Lee & Associates – Ontario
• Building 15: Sean Sullivan and Christian Emerson at Voit Real Estate Services
• Building 17: Angel Zhou at Harvest Realty Development Inc
• Building 18: Connor Panting and James Panting at Commercial Realty Advisors Inc
Palomino Ranch Business Park is CapRock’s third ground-up development project in Norco. The firm also developed Saddle Ranch South, a three-building, 374k sf industrial complex located a few blocks north of Palomino Ranch, and Saddle Ranch Business Park, a 422k sf, four-building Class A warehouse complex.
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