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Rockefeller, Newcastle Break Ground in Moreno Valley
Rockefeller Group broke ground on a 203,944-square-foot speculative distribution center on 8.78 acres in Moreno Valley, CA. The project, which follows Rockefeller Group’s recent completion of two million square feet of new Inland Empire industrial product, will be marketed as Centerpointe Commerce Center and is expected to deliver in summer 2020.
Rockefeller Group’s Marc Berg says, “The strong market demand for small to medium-sized industrial buildings in the Inland Empire has continued unabated due to low vacancy rates. We’re excited to begin construction and deliver a product to the marketplace that is state-of-the-art, and ideal for e-commerce tenants looking for a new or expanded presence in the area.”
Rockefeller Group acquired the property on Frederick Street from Newcastle Partners, Inc. in April 2019. Newcastle pursued and successfully obtained the entitlements and zoning just prior to Rockefeller Group’s property purchase.
Lee & Associates’ Bill Heim, Finn Comer, Alex Heim and Nesha Ritchie will handle the leasing.
For comments, questions or concerns, please contact Dennis Kaiser
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