Canadian firm plans $450M industrial project in the Inland Empire
By Natalie Hoberman | August 21, 2018 05:00PM
A Canadian firm is looking to scoop up a piece of Southern California’s tight industrial market.
A joint venture between Ivanhoe Cambridge, a Montreal-based real estate firm, and Newport Beach-based CapRock Partners announced plans to develop a $450 million industrial campus in Ontario in the Inland Empire on Tuesday.
Dubbed the Colony Commerce Center, the logistics complex will span about 3 million square feet of industrial space, with 11 buildings ranging in sizes from 600,000 to 1,000,000 square feet.
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