CapRock Breaks Ground on 327K-SF IE Industrial Park
CARRIE ROSSENFELD | JUNE 15, 2018
CapRock Partners, a Newport Beach, California–based industrial real estate investment and development firm, has broken ground on Serrano Business Park in Jurupa Valley, California. The project will comprise three class-A industrial buildings with units ranging from 31,220 square feet to 179,030 square feet and deliver 327,000 square feet of new modern industrial space to the market.
The announcement follows CapRock Partners’ recent acquisition of the 18-acre land site in Riverside County, an Inland Empire West location that’s highly desirable for last-mile logistics delivery to the region. The project follows the firm’s recent acquisitions and developments of institutional-quality logistics properties in Southern California’s Corona and Norco, as SoCal Real Estate recently reported.
Bob O’Neill, SVP of acquisitions at CapRock Partners, says Serrano Business Park is “designed to exemplify the future of industrial manufacturing facility and sustainability standards” and that “the development will optimize overall user efficiency, and drive output for tenants.”
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