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California  + Inland Empire  + Industrial  | 

DECA Breaks Ground on Massive Spec Project in Perris

San Francisco-based DECA broke ground on an 855,330-square-foot, speculative cross-dock warehouse/distribution facility in Perris, within Riverside County. The new warehouse facility is the second phase of Perris Gateway, following the launch this past March of construction on a presold, 27,000-square-foot retail space along Ramona Expressway.

“We’re thrilled to be starting construction on Perris Gateway,” said Travis Duncan, VP of development for DECA. “With grading on the industrial project having commenced, we’re enabling 1,200 construction jobs and over 800 permanent jobs when the building is fully operational next summer.”

DECA recently closed on a $135-million construction loan to fund development of the warehouse facility. The loan was provided by Affinius Capital and Bank OZK. The equity commitment originated from DECA’s principals and Wildcat Capital Management.

Cushman & Wakefield’s Andrew Starnes, Phil Lombardo and Cruise Adams have been hired to lead leasing efforts for the warehouse development, which will offer 40-foot clear heights.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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