IE Business Daily Business news for the Inland Empire.
A Newport Beach developer has announced it will build a 330,048-square-foot warehouse-distribution facility in Fontana.
The facility, at the southwest corner of Banana and Santa Ana avenues, will include 10,000 square feet of office space and will be built without a signed tenant, Birtcher Development LLC announced today.
“We’re excited about achieving this milestone for the project and expanding our investment portfolio in Southern California,” said Brooke Birtcher Gustafson, Birtcher Development’s, managing director, in a statement. “We remain bullish about the future of the Inland Empire’s industrial market.”
Kidder Mathews, an independent commercial real estate firm with more than 20 offices in the western United States, will market the property. Construction is expected to begin within the next few months and be finished by early next year, according to the statement.
Birtcher Development has begun work on Birtcher Oak Valley Commerce Center, a 2.5 million-square-foot project in Calimesa that it announced last November. The first phase is expected to be completed early next year, according to the statement.
