Colony Commerce Center
SWC Archibald Ave & Merrill Ave, Ontario, CA
Property Highlights
- 150 acre master-planned logistics park
- 11 buildings totaling nearly 3,000,000 sq. ft.
- Located in the Inland Empire West – the nation’s premier industrial submarket
- Buildings range from 42,000 sq. ft. – 1,000,000 sq. ft.
- Surrounded by institutional ownerships and Fortune 1000 caliber tenants
Property Information
- Off-market acquisition
- Buildings range from 41,000 SF to 1,000,000 SF
- Immediate access to the 15 Freeway, 60 Freeway, 71 Freeway, and 91 Freeway
- Neighboring owners include Majestic, First Industrial (NYSE: FI), Duke Realty (NYSE: DRE), Invesco (NYSE: IVZ), Watson Land Company, Goodman, AEW, Industrial Property Trust
- Neighboring tenants include Wal-Mart (NYSE: WMT), FedEx (NYSE: FDX), Amazon (Nasdaq: AMZN), UMA Enterprises, Motivational Fulfillment, Shark Ninja, Yokohama Tires, Solo Cup
- Phase I construction (1,290,000 SF) is expected to be completed in November of 2019. Phase II construction (1,682,352 SF) will begin shortly and is expected to be completed in Q2 2020
Business Plan
- Acquired two separate vacant land sites totaling ±145.8 acres for the development of eleven (11) Class-A industrial buildings totaling nearly 3,000,000 SF
- CapRock acquired two off-market vacant land parcels that were home to agricultural and dairy farm operations. Over the course of several years, CapRock successfully entitled the project as one of the premier logistics parks in the Inland Empire West
- Complicated entitlement effort included conducting a comprehensive Environmental Impact Report, creating a Specific Plan, working closely with city officials, and redesigning many components of the city’s infrastructure for this area in order to appropriately service a former agricultural area. Once entitled, CapRock sold the land to Ivanhoe Cambridge and CapRock remains the developer on behalf of Ivanhoe Cambridge. The project is currently under construction and is the largest industrial development project in the United States
The Results
- CapRock successfully sold the land to Ivanhoe Cambridge
- CapRock continues to be the developer on behalf of Ivanhoe Cambridge
- Phase I of nearly 1,300,000 sq. ft. will be completed end of year 2019
- Phase II of nearly 1,700,000 sq. ft. will be completed end of year 2020
