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Inland Empire Market Report


Industrial Market Robust in Rialto, Redlands

 

Target Stores is building a 3.3-million-sq.-ft. warehouse and Trammel Crow has a $90-million, 2.1-million-sq.-ft. project under construction.

(11/01/2005)
By Greg Aragon  


In the northern section of the Inland Empire, where Interstate 10 cuts through vanishing vineyards, large distribution centers, megamalls and huge truck stops, the city of Rialto is leading the charge with a $250-million, two-building industrial project.

In September, construction crews working on Target's distribution center had finished pouring the roof and tilt-up walls, and were completing the rough framing for the offices (photo by Greg Aragon).

The 3.3-million-sq.-ft. endeavor, which is being developed by Minneapolis-based Target Corp., broke ground in January. It includes a 1.6-million-sq.-ft. distribution warehouse and a 1.5-million-sq.-ft. import warehouse on a site at Casa Grande and Alder Avenue.

"The new Rialto distribution facility will help us better serve existing stores and prepare for future growth," said Mitch Stover, senior vice president of distribution services for Target Corp.

Whiting-Turner Contracting Co. is scheduled to have construction completed in summer 2006.

In September, crews had finished pouring the roof and tilt-up walls, and were completing the rough framing for the offices.

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Greg Lantz, economic development manager with the city of Rialto, said the project is estimated to create about 1,500 jobs and bring in about $1.5 million a year in property taxes.

Another big industrial project is underway on the outskirts of Redlands. Developed by Dallas-based Trammell Crow Co., the $90-million California Palms Business Center consists of 2.1 million sq. ft. spread over 100 acres and six buildings, which range in size from 54,000 sq. ft. to 800,000 sq. ft.

"The Inland Empire is probably the hottest industrial market in Southern California and likely the hottest industrial market in the country," said David Nazaryk, managing director of Trammell Crow's Irvine office.

Trammell Crow has started construction of the $90-million California Palms Business Center, a 2.1-million-sq.-ft. project in Redlands (photo by Greg Aragon).

Tom Bak, also a managing director with Trammell Crow, said, "California Palms is a product of our strategic focus on the Inland Empire and our continued effort to develop regional distribution centers that will service the logistic needs of major metropolitan markets such as Los Angeles."

Nazaryk said the project, which broke ground in June, will house a variety of "mom and pop" companies, as well as large manufacturers when it is complete in late December.

The project was designed by RGA Architects of Irvine and is being built by Ontario-based Fullmer Construction.

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