The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 28, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
CapRock Partners Wraps Up Work on Two Inland Empire Industrial Projects


CapRock Partners has completed work on Palomino Ranch Business Park Phase I and Saddle Ranch South, two new LEED Silver-certified industrial building complexes strategically located in Norco. The developments bring new efficient industrial space to a key Southern California location within the Inland Empire West submarket.

Norco is an important location due to its position near the convergence of Riverside, San Bernardino, and Orange counties, in addition to its seamless transportation connectivity, robust infrastructure, proximity to major ports and airports, favorable business environment and skilled workforce. These factors collectively contribute to the city’s efficiency, cost-effectiveness, and competitiveness for facility operations, attracting businesses seeking to optimize their supply chains and expand their market reach.

Palomino Ranch Business Park Phase I is the first of a three-phase development. At total completion, Palomino Ranch will be the largest industrial real estate development in Norco’s history, offering approximately 2 msf across 24 buildings on approximately 112 acres. The project’s design reflects Norco’s equestrian background and nickname, “Horsetown U.S.A.” with elements such as wrap-around wooden porches, lantern streetlighting and horseback riding trails.

Located at 1700-1910 Mountain Ave, Palomino Ranch Business Park is west of the I-15 Fwy, between First St and Second St. The property is approximately two miles north of the 91 Fwy/I-15 interchange and is easily accessible to additional regional transportation routes such as the 71 Fwy, 60 Fwy and I-10, providing quick access to Orange County and nearly any location in the Los Angeles Basin.

Palomino Ranch Business Park Phase I includes eight freestanding industrial buildings totaling approximately 700k sf on 44 acres. Buildings range in size from approximately 57k sf to 160k sf, with 30-foot to 36-foot clear height, and up to 7k sf of office space. The development includes secured and unsecured concrete truck courts, up to 185-foot truck court depth, ESFR sprinklers and ample power up to 4,000 amps.

“CapRock worked closely with Norco’s leaders and community members throughout the development of Palomino Ranch Business Park to create a facility that aligns with the city’s long-term goals and objectives and honors its unique history and equestrian-focused culture,” said Patrick Daniels, co-founder and chief executive officer at CapRock Partners. “We prioritized incorporating those themes into the development while improving the local infrastructure, supporting business expansion and fulfilling tenant requirements. It’s exciting to see the initial phase of the project complete with its first tenants taking occupancy.”

CapRock recently secured a tenant for 67.4k sf of space at Palomino Ranch Business Park Phase I. Jeff Ruscigno, Brian Pharris, Paul Earnhart, Ryan Earnhart, Austin Hill and Jeff Smith of Lee & Associates Commercial Real Estate Services are retained to market Palomino Ranch’s lease availabilities. Palomino Ranch Phase II will consist of nearly 750k sf and Phase II will be approximately 533k sf.

Saddle Ranch South
Saddle Ranch South
Approximately two miles north of Palomino Ranch Business Park is CapRock’s Saddle Ranch South, a prime Inland Empire infill development consisting of three industrial buildings ranging in size from approximately 100k sf to 155k sf. Designed to be ideally suited for local and regional manufacturing and distribution companies, the project’s buildings feature 32-foot clear height, up to 8.2k sf of office space, and include fully secured private concrete truck courts. The buildings include 12 to 14 dock-high doors, 130-foot truck court depth, ESFR sprinklers and up to 4,000 amps of power. The project also offers excess trailer parking with 27 trailer stalls.

Saddle Ranch South is located at 3000, 3050 and 3100 Horseless Carriage Drive, less than one mile from the I-15 Fwy via the Sixth St exit. The property is adjacent to Saddle Ranch Business Park, a 422k sf, Class A industrial complex that CapRock completed and sold 100% leased in 2021.

CapRock has secured a tenant at Saddle Ranch South’s 119.6k sf Building 2 (3050 Horseless Carriage Drive), bringing the project to 32% occupied. Patrick Wood, Cody Clayton, Scott Coyle and Eric Chou with JLL are retained to market Saddle Ranch South’s lease availabilities.

The completion of Palomino Ranch Business Park Phase I and Saddle Ranch South bolster CapRock’s robust development portfolio, which includes approximately 16 msf of Class A facilities throughout the Western and Central U.S. that the company recently completed, is currently developing or is about to commence. In 2022, CapRock pledged that all new ground-up development projects it builds in California going forward will meet or exceed LEED certification standards, beginning with Palomino Ranch Business Park.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media