'Big Box' Developer Aims at Small Businesses
From the Inland Empire Business Journal
Issue Date: 5/01/03
Having acquired what it says is the last remaining parcel in the mammoth California Commerce Center's first phase in Ontario, Western Realco of Newport Beach announces plans for a $10 million industrial project to accommodate what it believes is the area's underserved multi-tenant market.
Gary Edwards, vice president of Western Realco, a firm with a successful track record in the Inland Empire developing "big box" distribution facilities, said groundbreaking was to begin soon on two buildings totaling 200,000 sq. ft. of space on 10 acres of land just off Jurupa Ave. at Interstate 15.
"While previous activity in the Ontario market has been successful by addressing larger users, we believe that the multi-tenant market for smaller users with dock-high distribution needs has not been adequately served and is now the strongest sector of the market. We will be developing a prime site at the heart of the Ontario marketplace with outstanding access to Interstate 15, as well as to Ontario International Airport," Edwards said. Western Realco announces $10 million Ontario project
Edwards explained that Western Realco's new project, to be known as Rockefeller Commerce Center, is being designed to accommodate tenants with space needs from 13,000 to 19,000 sq. ft. Jim Panting of Commercial Realty Advisors represented Western Realco in its land acquisition and will exclusively market the new project.
Located at 895 S. Rockefeller Ave. and 4505 E. Wall St., buildings in the project are being designed by Bastien & Associates of Irvine. Oltmans Construction Co. of Whittier will be the general contractor. Key features of the concrete tilt-up structures include dock high loading, 28-foot minimum clearance, ample office space, and generous parking. Established in 1972, Western Realco began providing real estate development services throughout California and the West
Specializing in office and industrial projects, their services include land acquisition, financing, project conceptualization, construction management, marketing, and property management. Today, with more than 600 acres and 15 million square feet of space developed, Western Realco continues to provide services to both its corporate tenants and institutional and private investors for their real estate investment needs.
Copyright Daily Planet Publishing Inc. May 01, 2003
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