Duke Realty Kicks Off Inland Empire Spec Warehouse
- Feb 07, 2018
Duke Realty has begun construction work on a 282,154-square-foot speculative industrial property in Fontana, Calif. Duke acquired the ten parcels comprising the development site’s 11.9 acres in November of 2016 from seven different private individuals for a total of $10.3 million, according to San Bernardino County public records. The project is slated to be completed by July 2018.
Located at 16171 Santa Ana Ave., the project site sits near a wide range of other large industrial assets, including other speculative warehouse projects in various stages of the development. Less than one mile from Interstate 10, the area is home to a number of distribution-focused tenants, including St. George Logistics, All-Ways, Lifetime Brands and Office Star Products.
Duke’s new development is planned to feature 36-foot clear heights, 56-foot by 60-foot bay spacing and a secured trailer lot with 50 stalls. The single-load building will include 35 loading docks, 2 drive-in doors and 112 parking spaces. The structure is being designed to achieve LEED certification.
“Leasing activity in the Inland Empire West submarket continues to be strong, resulting in limited availability for companies looking to locate in this premier distribution hub,” said Chris Burns, senior vice president of Duke’s California operations, in a prepared statement. “Vacancy has dropped to around 1.8 percent, and only a few buildings in this size range are under construction. With this new speculative building, Duke Realty will be well-positioned to offer move-in ready, first-class space with excellent freeway access to clients with immediate needs in this high-demand submarket.”