RENTV: CAPROCK PARTNERS BUYS 23 ACRES IN NORCO
REAL ESTATE NEWS TELEVISION
CapRock Partners has acquired 23 acres in Norco that will accommodate a planned, 425k sf industrial business park. The property, strategically positioned in the Inland Empire West submarket, bolsters CapRock’s development pipeline and is expected to help meet the high demand for logistics facilities serving Orange County and the nearby Norco and Corona communities.
The purchase is consistent with Caprock Partners’ last-mile logistics strategy, delivering three regional properties comprised of eight industrial buildings for a total of nearly 900k sf. The properties include:
Temescal Valley Commerce Center in Corona, which will deliver 140k sf in Summer 2018 in a single building Serrano Business Park in Jurupa Valley, which will deliver 327k sf in Q1 2019 in three buildings Norco Business Park in Norco, which will deliver 425k sf in Q2 2019 in four buildings
Located less than a mile from I-15 between the SR 91 and SR 60 freeways, Norco Business Park comprises four buildings with unit sizes ranging from 70k sf to 160k sf. Building features include ample parking, 30-foot clear highs, two-story offices and ground-level loading doors.
The City of Norco is known for its unique blend of advanced technology and dynamic equestrian community, which is a part of a $100 bil horse industry in America. Consistent with its celebrated Old West spirit and trademarked city moniker, “Horsetown, USA,” the property will be designed and developed to embrace the western feel of the local community. The Norco Business Park groundbreaking is scheduled for June 2018.
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