LOS ANGELES-Kearny Real Estate Co. has acquireda 52-acre industrial site in Moreno Valley for $19.4 million. Thecompany plans to entitle and develop a 1.1-million-square-footwarehouse and distributioncross-dock building on the site with 256 high dock doors and36-foot clear heights.
“We feel that our building will be the best in the market whencompleted,” says Jason Rosin, Kearny Real EstateVP. “The 256 loading docks amount to one dock door for every4,334 square feet, which is 20% better than the average building inthe market, adding greater efficiency for users. In addition,the site benefits from access on all four sides of the building andprovides ideal truck circulation and queuing, both important siteplan elements.”
The development is one of several underway in the Inland Empire,which is leading the nation's industrial development. Developersare turning to Moreno Valley as land, even in the Inland Empire,becomes limited. Skechers, Ross,Proctor & Gamble and Lowescurrently have warehouse spaces in Moreno Valley, and Amazon has a1.2 million-square-foot development underway.
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