IE Business Daily Business news for the Inland Empire.
The former Scandia Fun Center in Ontario will soon be no more.
Bridge Development Partners LLC in Chicago announced recently that it has purchased the property at 1155 S. Wannamaker Ave., which it plans to demolish and replace with two industrial buildings, according to a statement.
The buildings, which are expected to be completed during the second quarter of next year, will cover 178,462 and 90,562 square feet. Both will be warehouse-distribution facilities, and both will be constructed without signed tenants.
The development will be called Bridge Point Ontario. The site is near Interstate 10, Interstate 15 and the 60 Freeway and is bordered by industrial buildings to the north, west and south.
“The City of Ontario has been very welcoming,” said Greg Woolway, Bridge Development’s vice president of acquisitions, in the statement. “This is the ideal location to continue to grow [Bridge Development’s] presence in the region.”
Bridge Development now owns more than 8.5 million square feet of commercial real estate property in California.
Scandia Fun Center, which was plagued by personal injury lawsuits during much of its existence, closed in February after 27 years in operation. The Scandia park in Victorville remains open.
