Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

MORENO VALLEY, CA-The RCR Building and Development Co. plans a 10-building development called Veteran’s Way Business Park that will be the latest example of Inland Empire industrial development expanding from its base in Ontario to other parts of the region. RCR’s project, slated for a site on the northeast corner of Goldencrest Drive and Veteran’s Way, is among the first developments in which is expected to be brisk growth of industrial building in Moreno Valley, according to Gerry Harvey of the Ontario office of CB Richard Ellis. Harvey and Art Day of CBRE’s Ontario office are the listing agents for the Veteran’s Way project, a 10-building business park that will include light industrial buildings for sale or lease ranging from 9,000 sf to 19,500 sf. RCR expects to complete construction in January. Its development will be one of only a few smaller building industrial projects planned in the area, with the majority of planned development being between 100,000 sf and one million sf, Harvey notes. He says that although Moreno Valley is not known as an active industrial market, at least 4.1 million sf of industrial space is expected to be completed in the city in the next 15 months. The new construction will more than double the total of industrial space in Moreno Valley. The Veteran’s Way project is adjacent to planned medical, office and hotel properties. It will offer what Harvey calls “an economic alternative to the more expensive areas of Temecula and Murrieta.” Other planned industrial projects in Moreno Valley include a 250,000-sf DHL facility, a two-million-sf development by Ridge, two Alere Property Group projects totaling more than 1.5 million sf and several other projects in the early planning stages, each in excess of one million sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.