RiverRock's industrial platform has now reached 5.2 million square feet with its overall asset management portfolio exceeding 13 million square feet, according to John Combs, president and founder of Santa the Ana-based company. Since its inception in 2003, the RiverRock team has managed a substantial portfolio of industrial, office and retail properties and as this portfolio has grown, the firm has also built a network of managers and offices located near its properties.
RiverRock now operates six offices in the Southern California region, which will support all 16 properties within the DCT Industrial Portfolio. The company, which specializes in commercial, industrial and retail properties, also provides services for distressed assets using a strategic asset/property management approach under its VMU brand.
DCT Industrial Trust as of Dec. 31 owned, managed or had under development 75.4 million square feet of assets leased to approximately 850 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners, according to the company's web site. DCT is a partner with Foothill Ranch-based Stirling in a venture called Stirling Capial Investments that is developing the 2,500-acre Southern California Logistics Centre in Victorville. More than 6.5 million square feet of space has been developed at the SCLC, which is planned for approximately 60 million square feet of commercial and industrial development to accommodate warehousing and logistics operations.
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