Tuesday , June 18 2024
Inland Empire Business News for November.002
Inland Empire Business News for November.002

Major distribution center planned for Rialto

A Newport Beach real estate company will develop a major warehouse-distribution facility in Fontana on property where an egg ranch is located.

DCT Industrial Trust Inc., which develops and manages big-box logistics projects in the United States and Mexico, has bought the property at 15750 Jurupa Ave., a site occupied by E&M Ranch, said Bud Pharris, regional vice president with DCT Industrial.

Pharris declined to say how much DCT Industrial paid for the 45-acre site, which is near the intersection of Interstates 10 and 15 in an area zoned for industrial use.

“We paid a fair-market share,” Pharris said. “It’s a good location for this kind of project.  It’s close to the freeways, and it’s more on the west end so it’s closer to the ports.”

E&M Ranch, which has reportedly been in business since the mid-1970s, will move to another location when its lease expires at the end of next year.

DCT Industrial will then build a 970,000-square-foot warehouse-distribution operation on the site, a process that is expected to take six to eight months, Pharris said.

With no signed tenants, it’s not clear whether the project will be a conventional warehouse-distribution facility or an e-commerce center that delivers products ordered online by consumers directly to their homes, often on the day the order is placed.

“It could end up an e-commerce center, because e-commerce is really taking over,” Pharris said. “But it could also end up a regular distribution center, it depends on what tenants are out there.”

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