Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RIVERSIDE, CA-The Main & Garner Business Park, a joint venture of the Los Angeles-based Obayashi Group and Torrance-based Tuffli Co., has signed job training nonprofit organization Ability Counts Inc. to a 10-year lease for 68,678 sf at the 206,902-sf industrial park. The new development is under way at Garner Road and Main Street in Riverside.

The project is being marketed by Milo Lipson and Ryan Velasquez of the Inland Empire office of Grubb & Ellis. The new development comprises six freestanding buildings ranging in size from 21,911 sf to 68,678 sf. It broke ground in the second week of March with completion slated for November 2008.

Ability Counts Inc.provides employment and job training for individuals with developmental disabilities in the greater Corona, Riverside and Redlands areas. It is the first tenant to commit to the Main & Garner project and will be relocating from leased space in Riverside when its new building is complete.

The Main & Garner Business Park is the development group’s second project in the immediate area. The group completed a five-building development on the other side of Main Street in 2006.

The new project is part of one of the nation’s busiest industrial leasing markets, according to the latest market survey from Grubb & Ellis, which shows that the year-end 2007 vacancy rate was 4.8% in the Inland Empire, up about 40 basis points from2006. Total sale and leasing activity registered 30.3 million sf for the year, nearlyidentical to the 30.1 million sf in 2006. Grubb & Ellis calls the Inland Empire, “ever a leasing market,” pointing out that of the 596 user transactions in 2007, 420 were leases.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.