California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Inland Empire  + Industrial  | 

Chino Industrial Development to Offer Freestanding Buildings

A joint venture between Orbis Real Estate Partners and Ledo Capital Group previously acquired a 10.54-acre site at the corner of Kimball Road and Hellman Avenue in Chino. Late last year, the partnership commenced construction of 10 freestanding industrial buildings ranging from 8,083 to 23,670 square feet, totaling 133,527 square feet on the site.

Development will be handled by Orbis with Fullmer Construction as the general contractor. The project is scheduled for completion at the end of third quarter 2021.

The project will be offered on a for-sale basis and present owner-users with the opportunity to buy smaller freestanding buildings with private yards, a product type that has not been built in more than a decade in the region.

During the escrow, the venture completed a lease with 7-Eleven for a gas station and convenience store at the hard corner of Kimball and Hellman. This will allow the partnership to reduce the originally planned 12 building project to 10 buildings, creating further value through the offering of one additional retail drive-thru pad adjacent to 7-Eleven.

Colliers was the broker in the acquisition transaction.

Get CRE News in 150 words

For comments, questions or concerns, please contact Lisa Brown

Connect

Inside The Story

Connect With Orbis Real Estate Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
Chase-19-cube
Money360-26-cube