Ivanhoé Cambridge builds first U.S. logistics development for $450m
by Andrea Zander | October 24, 2018
Located at the northeast corner of Carpenter and Remington avenues in the Inland Empire, the nation’s premier industrial market, Colony Commerce Center Phase I will comprise 1.3 million square feet of industrial space divided in two class A state-of-the-art industrial buildings of 589,000 square feet and 700,000 square feet, respectively, both with 36-foot clear heights.
“We are bullish on the North American industrial market, and with low vacancy rates and strong rent growth in the Inland Empire, Colony Commerce Center is strongly positioned to meet tenant demand,” said Mario Morroni, executive vice president, industrial, North America, at Ivanhoé Cambridge. “This is an especially significant project for Ivanhoé Cambridge — one that enables us to establish a strong foothold in the Southern California industrial market by delivering state-of-the-art industrial facilities in a fast-growing region during a critical time of need for industrial space.”
Minutes from Ontario International Airport and highways I-15, I-10, SR-60, SR-91 and SR-71, Colony Commerce Center Phase I will have 185-foot-wide truck courts, cross-dock loading, 100 percent-concrete drive areas and excess trailer parking stalls. The logistics complex is in close proximity to corporate neighbors such as Walmart, FedEx and Amazon, and is a few miles away from major retail amenities.
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