RIALTO, CA—CapRock Partners, a privatefirm based in Orange County, California, recently broke ground ontwo large-scale industrial development projectshere. Together, the projects encompass more than 45 acres and areanticipated to create hundreds of new jobs in the area, as well asto generate multimillion-dollar tax benefits and fees for the Cityof Rialto.

“We are pleased that CapRock Partners chose Rialto for theseextensive industrial development projects that will generatesignificant economic benefits to our city,” said Rialto mayorDeborah Robertson, who participated in aceremonial groundbreaking, last week. “Thanks to our aggressiveeconomic development efforts, and our continued dynamic growth,Rialto is seen as the new frontier for business in the InlandEmpire - placing it on the short list for developers seeking abusiness-friendly climate in Southern California.”

Located just one mile apart within the City of Rialto, CapRockPartners' building projects boast ideal freeway access to the 210,15 and 10 Freeways. Having fully entitled both projects, CapRockPartners will now begin development of more than one million squarefeet of state-of-the-art industrial on the two sites. Whencompleted in 2015, the projects are anticipated tocreate a $60 million tax basis increase for the combined 45 acresof land, and annual tax revenue to the City of Rialto of $200,000.In addition, between 150-250 construction jobs and $6.5 million incity development impact fees are being generated by the projects,with an anticipated 250+ permanent, full-time jobs created bytenants when the building is completed. Further, the projects willimprove local city infrastructure, including new, above-standardcurbs, gutters, and sidewalks - as well as extending various water,sewer and dry utility lines.