IDS Plans $28M Industrial Park

RANCHO CUCAMONGA, CA-Citing what it describes as an “immediate need” for modest-sized industrial buildings for sale or lease, Investment Development Services Inc. of Los Angeles plans to develop a $28 million business park of buildings earmarked for that middle market.

Dean Nucich, project manager for IDS, says construction is scheduled to begin in November on the 20.5-acre project, which is called Vineyard At Ninth. IDS is serving as development manager for the project owner, On Vineyard LLC of Los Angeles.

The development site is at the southeast corner of Vineyard Avenue and Ninth Street, near the Vineyard exit of the Interstate 10 Freeway. Vineyard At Ninth will be built in two phases, Nucich says, and will ultimately comprise a total of 340,000 sf. Phase one will feature five buildings ranging from 14,288 sf to 107,440 sf. Three of the buildings, sizes 14,288 sf, 32,590 sf, and 55,105 sf, will be available for sale. The remaining two structures, to be offered for lease, will measure 107,440 sf and 31,950 sf. The new business park will feature concrete tilt-up buildings with office space to suit. Building clear heights will vary from 16 feet to 30 feet.

The new development is being designed by Hill Pinckert Architects of Newport Beach and is due to be ready for occupancy in April 2004. IDS is acting as listing agent for the project, along with Chuck Belden and Kyle Kehner of Cushman & Wakefield’s Ontario office.

The Vineyard at Ninth project will add to the more than 2.5 million sf of industrial space that IDS has already developed in the Inland Empire. That 2.5 million is part of 10 million sf of space that the firm has developed in the Western United States in its 15-year history. IDS manages a portfolio of more than 18 million sf of existing space and is managing the development of more than 5 million sf of space that is under construction for institutional and individual investor clients.