JURUPA VALLEY, CA—Big businesses are looking to the Inland Empire for use not now, but in the future. Proof of this is in Costco Wholesale Corp.‘s latest purchase. The consumer wholesaler has acquired a leased-investment property in Jurupa Valley, CA, with plans to eventually use the site as a regional distribution center.

Located at 11280 Riverside Dr. in the Mira Loma section of the city, the building totals 527,500 square feet and is currently occupied by Quik Set, manufacturer and distributor of quick-setting concrete and other construction materials. The company currently has 19 months remaining on its current lease with an option for another five years.

Colliers International completed negotiations on the $65.62 million acquisition. “This was a perfect strategic fit for Costco since it is adjacent to a Costco Warehouse store and administrative offices,” says the firm’s SVP Mark Zorn, who represented Costco in the acquisition. “Costco is looking to the future and no matter when Quik Set may vacate the building, Costco will convert it into a class A logistics center.”

According to Zorn, who was assisted on the transaction by Colliers SVP Terry Wirth of the brokerage firm’s Bellvue, WA office, the transaction closed escrow in just 45 days with Costco bringing an all-cash offer to the negotiations. The seller was TIAA-CREF, the investment arm of Teachers Insurance and Annuity Association, based in Newport Beach, CA.

Large companies looking to plan their future in the Inland Empire isn’t anything new.

In nearby county, San Bernardino County, for example, the County administers a variety of economic development programs and services that support businesses and residents. “The City’s

Economic Development Team has an entrepreneurial approach to doing business and works closely with our regional partners on collaborative efforts to support business retention/attraction, business networking, marketing/branding, workforce development, tourism and project support,” the County says on their website.

San Bernardino County, like other areas of the Inland Empire, draws businesses in that are looking to maximize profits. More than $2.2 billion will be invested in transportation infrastructure by BNSF, Port of Los Angeles and San Bernardino Association of Governments.

And it isn’t just larger businesses looking in the area. Small businesses are also growing in the region. Last year, Mike Stull, director for the Inland Empire Center for Entrepreneurship, told GlobeSt.com that the County has a diverse group of businesses, both geographically and industry-wise. At the time, Stull said that the County of San Bernardino saw an increase in the number of microbreweries, “mirroring a trend here in the West and other parts of the country.”  In 2008, Stull continued, the County had one craft brewer in the County. As of January, of 2015, the County had more than 10 and he predicts it could soon be home to 25 to 50 microbreweries.