- Tuesday, March 2, 2021
- Rancho Cucamonga, CA
News Release: Seefried Industrial Properties and Crow Holdings Announce Acquisition of 6-acre parcel in Rancho Cucamonga, CA
(San Bernardino County) - Seefried Industrial Properties and a private equity real estate fund advised by Crow Holdings Capital have acquired a 6.13-parcel near Ontario International Airport and plan to break ground on a 140,000-square-foot industrial building in the first quarter of 2022.
Located in Southern California's Inland Empire - one the nation's premier logistics hubs - the new rear-load industrial facility will be located at the southwest corner of 5th Street and Hermosa Avenue, offering close proximity to the I-10, I-15 and CA-60 Freeways. Building features will include 32' clear heights, 83 vehicle parking spaces, 17 trailer stalls, 17 dock doors and an ESFR sprinkler system. Additionally, the project will offer industrial, manufacturing or warehouse users the opportunity to occupy either a single tenant building or potential for a two-tenant building.
"We are excited about the opportunity to partner with the City of Rancho Cucamonga in developing a new Class-A facility. The continued strong user demand in the Inland Empire coupled with the supply constraints in new Class A facilities in the region should produce a successful project," said Scott Irwin, Senior Vice President of Seefried.
HPA has been engaged as the architect and Huitt Zollars as the civil engineer on the project. Michael Giuliano and Keith Anderson of Lee and Associates will be representing Seefried in leasing the facility.
The project is slated for completion in the summer of 2022.
For more information, please contact:
Mr. Scott Irwin Senior Vice President - Sothern California (310) 536-7900 firstname.lastname@example.org
About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried, Seefried Properties specializes in the development, leasing and management of industrial real estate in core markets across the U.S. Seefried leases and manages approximately 35 million square feet for its institutional and European clients and has developed more than 190 million square feet of space valued in excess of $13 billion across 30+ markets throughout the country. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix. For more information, please visit www.seefriedproperties.com.
About Crow Holdings Capital:
Founded in 1948, Crow Holdings is a privately-owned real estate investment and development firm with $20 billion of assets under management. With a strong track record of performance across property types and market cycles, its endeavors span risk/return strategies ranging from core to opportunistic. Operating from 16 offices across the U.S., Crow Holdings has extensive industry reach with expertise in multifamily, industrial, office and niche sectors. Over the past 40 years, Crow Holdings operating companies have developed or owned more than 1,000 multifamily communities, representing approximately 325,000 units; since 1998, it has developed or owned more than 80 million square feet of industrial real estate across the U.S. For more information, please visit www.crowholdings.com.