The sale was brokered on behalf of the seller by Jeff Ruscigno of Lee and Associates and Jim Panting of Commercial Realty Advisors, who are the listing agents for Centerpointe Business Park. Ruscigno also represented the postal service. Terms of the sale were not disclosed.
The postal service building, which will serve as a delivery distribution center for the Inland Empire, is positioned to allow the USPS to maintain delivery schedules for local mail within the 925-prefix ZIP Codes. The new location at Centerpointe will allow the postal service to decentralize mail processing to speed service, according to John Bertolina, senior plant manager for the USPS, who oversees mail processing facilities in San Bernardino and San Diego counties.
The automated sorting facility, which can process more than 600,000 pieces of mail per hour, is scheduled to open in September. It will ultimately staff 200 employees in two shifts to serve ZIP Codes that begin with 925. It is slated to expand in 2010 to provide automated sorting of oversized pieces and packages to ZIP Codes 922 through 925.
Dennis Rice, president of Ridge Property Trust, says that the Centerpointe development was created to provide distribution warehouses to support the growth of the Eastern Inland Empire. Construction is complete on 1.8 million sf of space in the first five buildings of the development that range from 130,000 sf to 779,000 sf, with three of the buildings fully leased.
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