OC Register: CapRock’s inland moves
CapRock Partners in Newport Beach has acquired roughly 23 acres that will accommodate a 425,000-square-foot industrial business park in Norco. The property, in the Inland Empire West submarket, will serve the demand for commercial delivery to Orange County and the proximate Norco and Corona communities. The acquisition price was not disclosed by the firm.
CapRock Partners has been accelerating its “last-mile” logistics strategy and is developing three properties that include eight industrial buildings for a total of nearly 900,000 square feet. They include:
- Temescal Valley Commerce Center in Corona; 140,000 square feet; completion in Summer 2018; single building
- Serrano Business Park in Jurupa Valley, 327,000 square feet; completion in early 2019; three buildings
- Norco Business Park in Norco, 425,000 square feet; completion in second-quarter 2019; four buildings
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