This is a Main and Main core site that was acquired after an extremely competitive marketing process and the best development site on the market in the West Coast, says NKF's Kevin Shannon.

An affiliate of the company signs a seven-year lease of 67,182 square feet of class-A light industrial space.

The fund will acquire land pre-identified by homebuilders for single-family home development.

The development is located on a 13.78-acre site in Fontana with construction planned in April 2020.