IE Business Daily Business news for the Inland Empire.
Construction of a 504,000-square-foot warehouse-distribution building in Riverside has been completed.
Meridian Distribution Center II occupies 27 acres at 22000 Opportunity Way, near Interstate 215 and Van Buren Boulevard, according to a statement released Monday by Newcastle Partners, the project’s developer.
The building is part of Meridian Business Park, a cluster of warehouse-distribution facilities that cover approximately six million square feet. Tenants include Amazon, Sysco Corp. Kia Motors, UPS and McLane Food Service.
Cushman & Wakefield Ontario will market Meridian II.
Newcastle Partners also announced that it has begun building Chino Hills Commerce Center, a 100,300-square-foot development at 15291 Fairfield Ranch Road near the 71 Freeway.
That project, which is expected to be finished in August, is being marketed by CBRE Group Inc. Ontario. It will be available for sale or lease.
San Francisco-based Newcastle Partners is a full-service commercial real estate and investment firm that works exclusively on the west coast.
Since its founding in 1999, Newcastle Partners has completed 15 million square feet of industrial projects, including five million square feet in the Inland Empire during the last eight years, according to the statement.
