IDS Plans 27-Acre, Mixed-Use Project

Maz Shauk, director of marketing for IDS, says the project will occupy a site bounded by Fourth Avenue, Utica and Cleveland streets. A key portion of the property overlooks the Arnold Palmer-designed Empire Lakes Golf Course. The Interstate 10 Freeway is just south of the site, the Ontario Mills shopping center is just southwest of it, and Ontario International Airport is less than three miles away.

IDS, on behalf of its private investors, will develop the property into a master-planned campus of two three-story, Class A office buildings totaling 150,000 sf, along with four retail pads fronting Fourth Street, and 10 flex industrial facilities with up to 50% office space, plus traditional industrial buildings with ground-level loading. The industrial facilities, which will range from 7,000 sf to 12,000 sf, will encompass a total of 200,000 sf at build-out.

A signature entry monument at Fourth and Cleveland will introduce the project and face the existing Empire Center campus. Empire Center is a mixed-use development that features a 7,000-seat, multi-use sports and events arena, as well as 150 acres of entertainment and recreation, hotel, retail, office and residential uses.

The retail space will complement Empire Center, while the office space will fill a current "void for Class A, multi-story space in Rancho Cucamonga," Shauk says. A second quarter 2004 groundbreaking is scheduled for the first phase of the project's office component, with occupancy expected the first quarter of 2005, he adds.

IDS is developing, marketing and managing the project. Chuck Belden and Kyle Kehner of Cushman & Wakefield's Ontario office are the co-listing agents.

Cushman & Wakefield's Belden says the project is a sign that the Inland Empire's western market has matured in the last decade, leading to demand for projects like the IDS development. He notes that the current vacancy rate for Class A office space in Rancho Cucamonga is at historic lows.

IDS is a commercial real estate services company focused on the Western United States. The company has a management portfolio that exceeds 19 million sf and is currently managing the development of more than 5 million sf of space for institutional and individual investor clients.