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IKEA Buys 19-Acre Ontario Site, Plans 330K-SF Store
Craig Development Corp. sold a 19-acre site in Ontario, CA’s Meredith International Centre to IKEA. The retailer plans to build a 330,000-square-foot retail store on Inland Empire Boulevard.
Meredith International Centre is a unique, roughly 150-acre mixed-use project, encompassing industrial, multifamily, retail and auto dealership uses. Existing corporate neighbors of IKEA’s new development include QVC, Best Buy, Infinity, Audi and Porsche.
JLL’s Tony Beatty and Scott Burns represented the buyer. Lee & Associates’ Chuck Noble, John Hatzis, and Dave Hunsaker advised the seller.
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