Lovett Industrial has obtained entitlements for the event of Schaefer Logistics Middle, a 298,000-square-foot industrial facility in Chino, Calif., throughout the Inland Empire West submarket.
Lovett acquired the event web site in 2023, for $40 million, based on San Bernardino County public information.
Building begin is scheduled for the fourth quarter of this 12 months, whereas completion is anticipated by the top of 2025. Colliers Vice Chairs Clyde Stauff and Jace Gan will lead advertising and leasing efforts.
Schaefer Logistics Middle will rise at 13610 Yorba Ave. and can have 36-foot clear heights, 7-inch concrete slabs, 46 dock-high doorways, 56 trailer parking spots and a truck court docket.
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The event will embody infrastructure enhancements, reminiscent of street widening on each Yorba and Schaefer Avenues, new and modified visitors alerts, sidewalks and bike lanes.
The 14-acre web site is close to Interstate 10 in addition to Chino Airport, 10 miles from Ontario Worldwide Airport, 23 miles from Riverside, Calif., 24 miles from Anaheim, Calif. and inside 34 miles of Orange County, Calif. Each the Port of Los Angeles and the Port of Lengthy Seashore are inside 55 miles.
Important initiatives coming to the Inland Empire
A couple of different main industrial initiatives are deliberate to come back on-line out there. Earlier this 12 months, Shopoff Realty Investments acquired 55 acres alongside Interstate 10, the place it is going to construct a 1 million-square-foot distribution middle. Building scheduled to begin within the third quarter.
CBRE Funding Administration and Hillwood Funding Properties are growing Speedway Commerce Middle in Fontana, Calif. The 6.6 million-square-foot campus was funded with a $756 million bundle earlier this 12 months.
