(Irvine, CA ‒ Feb. 5, 2018) The Southern California office of Duke Realty Corporation (Duke Realty), the nation’s leading pure-play, domestic-only, industrial property REIT (Real Estate Investment Trust), has begun construction of a 282,154-square-foot bulk distribution warehouse in Fontana in the Inland Empire West submarket. The building, which is being developed on a speculative basis, is located at 16171 Santa Ana Avenue, at the intersection of Santa Ana Avenue and Olender Avenue just minutes from I-10.
“Leasing activity in the Inland Empire West submarket continues to be strong, resulting in limited availability for companies looking to locate in this premier distribution hub,” said Chris Burns, Senior Vice President of Duke Realty’s California operations. “Vacancy has dropped to around 1.8 percent, and only a few buildings in this size range are under construction. With this new speculative building, Duke Realty will be well-positioned to offer move-in ready, first-class space with excellent freeway access to clients with immediate needs in this high-demand submarket.”
Duke Realty’s new building in Fontana is slated for delivery in July 2018. The single-load facility, which is being built on a recently acquired 11.9-acre parcel, will feature 36′ clear height, 35 dock doors, two drive-in doors, 56′ x 60′ bay spacing and LED lighting. Surrounding the building will be a fully secured trailer yard with 50 trailer staging sites and 112 automobile parking spaces. The building has been designed and is being built for LEED® certification.
Parties interested in preleasing Duke Realty’s new industrial building or in other leasing or BTS opportunities with Duke Realty in Southern California are invited to contact Duke Realty’s leasing and development team at 949.797.7000.
About Duke Realty
In Southern California, Duke Realty owns, operates or has under construction more than 9.0 million square feet of industrial properties. Its local office is at 200 Spectrum Center Drive, Suite 1600, Irvine, CA 92618.
On a nationwide basis, Duke Realty Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.