CAPROCK PARTNERS BREAKS GROUND ON 18-ACRE INDUSTRIAL DEVELOPMENT IN JURUPA VALLEY
NEWPORT BEACH, Calif. – May 12, 2018 – CapRock Partners, a Newport Beach, California-based industrial real estate investment and development firm, today announced the groundbreaking of Serrano Business Park in Jurupa Valley, California. The project will comprise three Class A industrial buildings with units ranging from 31,220 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, a highly desirable Inland Empire West location for last-mile logistics delivery to the region. Along with recent acquisitions and developments in Corona and Norco, the new construction will leverage CapRock’s longstanding history of developing institutional-quality logistics properties in Southern California.
“Serrano Business Park, now under construction, is yet another testament to CapRock’s ability to secure entitlements and manage high-quality project delivery in a timely manner,” said Bob O’Neill, senior vice president of acquisitions at CapRock Partners. “Designed to exemplify the future of industrial manufacturing facility and sustainability standards, the development will optimize overall user efficiency, and drive output for tenants.”
Armed with state-of-the art design, each building will offer two percent prism skylights and can provide up to 4,000 amp, 277/480 volt electrical power. The buildings will also meet new sustainability standards consistent with California Green Building Standards Code.
To complement tenant needs for optimal functionality, the project will incorporate 4,500 square feet of executive office space positioned between the three buildings. The facilities will include minimum door clearances of 32 feet and ample secured parking and truck courts. Scheduled for delivery in Spring 2019, Serrano Business Park is located half a mile from SR 60 on San Sevaine Way, with easy access to I-15 and I-10. It is less than five miles from Ontario International Airport, and is within 50 miles of the Ports of Long Beach and Los Angeles. Corporate neighbors include Amazon, UPS, Home Depot, Costco, Walmart and FedEx.
“As the industrial market continues to tighten in Inland Empire West, we are experiencing an abundance of tenant and buyer interest and are eager to deliver notable properties like Serrano Business Park to meet industry demand,” added Bob O’Neill.
ABOUT CAPROCK PARTNERS
Since its founding in 2009, Newport Beach, California-based CapRock Partners has become one of the fastest-growing private industrial real estate investment and development firms with a focus on middle-market, value-add industrial assets throughout the West, and Class A industrial buildings in California. The firm has acquired, developed or has in its pipeline approximately 11,000,000 square feet of industrial real estate to-date totaling more than $1.5 billion. For more information, visit www.caprock-partners.com. Follow the company on Facebook, LinkedIn, Twitter and Instagram.
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