Fund Acquires $60M Alter Warehouses

Michael J. Alter, president of the Alter Group, says the company now is pursuing new projects to build in California after the completion of these inaugural developments. The Fontana building features 120 dock-high and four grade-level drive-in doors, a 30-foot clear ceiling height to accommodate high-bay racking systems, parking for 484 cars and 79 trailer stalls. The Rancho Cucamonga facility features 136 truck docks and four ramped drive-in doors, a 30-foot clear ceiling height, parking for 285 cars and 144 trailer stalls. These features are considered essential for warehouses in the Inland Empire, which serves as the focal point of West Coast logistical operations for distributors serving booming markets, notes Patrick E. Gallagher, SVP of the Alter Group.