A recent acquisition and subsequent planned industrial development indicate investor and developer strength in the high-growth Inland Empire market, says a broker associated with the transaction. Arrow Fontana sits at 15719-15755 Arrow Blvd. in Fontana, which is in the highly sought-after Inland Empire West submarket. The 9.24-acre industrial site recently sold for an undisclosed price to Toronto-based WPT Industrial.
Plans for the site include the development of an approximately 196,565-square-foot distribution building. Executive vice president Mark Zorn and first vice president Cory Whitman of Colliers International represented the seller and buyer, WPT Industrial.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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