West Valley Logistics Middle will likely be accomplished in late 2024. Picture by Douglas Franz Architects, courtesy of Stream Realty Companions
CapRock Companions has employed Stream Realty Companions as unique leasing agent for its West Valley Logistics Middle, a 269,780-square-foot Class A industrial improvement in Pomona, Calif. The property is at the moment underneath building and is predicted to come back on-line in 2024’s third quarter. Douglas Franz Architects is the designer, whereas the overall contractor in cost is Fulcrum Development.
CapRock bought the event web site in December 2020, via its $250 million Industrial Worth-Add Fund III. One 12 months later, the corporate additionally landed a $50 million building mortgage, originated by JPMorgan Chase.
READ ALSO: Increasing Into Industrial: Diversifying for Lengthy-Time period Success
Stream Realty Companions Government Vice Presidents Wes Hunnicutt and Matt Moore, along with Affiliate Mike Torres, will likely be answerable for advertising West Valley Logistics Middle for lease.
West Valley Logistics Middle is taking form at 4200 W. Valley Blvd. It’s a speculative challenge designed to achieve LEED certification, deliberate to incorporate 40-foot clear heights, 28 dock-high doorways, a two-story workplace part totaling 10,000 sq. ft, safe twin entry with drive round capabilities, 130 car parking spots and 45 trailer parking spots.
The 12.5-acre industrial improvement is near the Interstate 10 and State Route 57 interchange, 17 miles from Ontario Worldwide Airport, 28 miles from downtown Los Angeles, 44 miles from Port of Los Angeles and inside 47 miles of Port of Lengthy Seashore. West Valley Logistics Middle’s location additionally permits for fast entry to main transportation routes in Southern California. Different close by giant industrial customers embrace FedEx, Ryder Logistics, NFI Industries and Williams Sonoma.
Bullish on California’s industrial market
CapRock Companions has a number of industrial tasks in varied phases of improvement in California. In August, the developer commenced building on CapRock Central Level III, a four-building 2.7 million-square-foot industrial campus in Visalia, Calif. The challenge’s first constructing is scheduled for supply in late 2024.
In June, the corporate introduced its plans for a 500,000-square-foot warehouse that will likely be developed inside the master-planned World Logistics Middle in Moreno Valley, Calif. It additionally introduced on-line Palomino Ranch Enterprise Park’s Section I and Saddle Ranch South, two industrial tasks in Norco, Calif, which embody 1.1 million sq. ft of house.
