|
|
4/12/19
|
Bridge Development Partners LLC has acquired the former Scandia Fun Center property in Ontario. Following demolition, Bridge plans to construct two speculative industrial buildings, totaling 268.7k sf on the 11.9-acre site. The asset is located at 1155 South Wanamaker Ave, north of Jurupa St and just west of I-15.
Sitting on the southern parcel of the site, Building A is 178.5k sf and will have a 32-foot clear height, a 155’ truck court, and 10k sf of office space, which includes 5k sf of mezzanine space. It will also house 23 exterior docks, six striped trailer positions, and parking for 99 automobiles.
Building B, situated on the northern parcel, is 90.3k sf and will also feature a 32-foot clear height. It will contain a 137’ truck court, 8k sf of office space (including 4k sf of mezzanine space), 11 exterior docks, three striped trailer positions, and parking for 56 cars. Both buildings will be equipped with ESFR sprinkler systems.
“The Bridge Point Ontario acquisition marks the launch of Bridge’s next wave of Inland Empire development. This project adds to our 8.5 msf California development pipeline which encompasses assets in Los Angeles and Orange Counties, the Inland Empire, and the Bay Area,” said Greg Woolway, Vice President of Acquisitions in Bridge’s California office.
Bridge Point Ontario is strategically located with Wannamaker Ave to its west and I-15 Fwy to its east, along which it enjoys 1,200 feet of frontage. It’s also located one mile south of the I-15 and I-10 four-way interchange, offering proximity to SR-60. The site is bordered by industrial buildings to its north, west, and south, and the amenities Bridge is bringing to its new development will reflect those of the other existing Class A modern distribution facilities in the Inland Empire West submarket. The expected delivery date of Bridge Point Ontario is Q2 2020.
Nicholas Chang with NAI Capital was involved in brokering the sale.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
