CapRock Acquires 22 Acres within World Logistics Center Masterplan

CapRock Partners acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley for the development of CapRock Global Logistics, an approximately 500,000-square-foot new LEED-certified industrial warehouse. CapRock purchased the development site from a Southern California-based developer in an off-market transaction.

“As a future-focused firm, CapRock Partners is excited to develop a state-of-the-art institutional-level industrial asset adjacent to the World Logistics Center, an undeniably impactful distribution hub advancing logistics in the Western U.S.,” said Taylor Arnett, first VP of acquisitions at CapRock Partners.

World Logistics Center is a 2,610-acre planned industrial business park that will bring more than 40 million square feet of sustainable logistics facilities to Southern California’s Inland Empire East submarket by 2030. At completion, the masterplan will be the largest logistics business park in North America.

CapRock was represented by Stream Realty Partners’ Stefan Pastor and Brad Yates in the CapRock Global Logistics sale transaction. The seller was represented by Mark Repstad at Southland Commercial Real Estate.