The first phase of the Palomino Ranch Business Park Project in Norco, California, has been completed by CapRock Partners. The business park, which is situated at 1700-1910 Mountain Ave., spans approximately 700,000 square feet over 44 acres.
The development features an industrial space ranging from 57,000 to 160,000 square feet. In addition, it includes 50,000 square feet of office space. Features include truck courts with up to 185-foot depths, 30- to 36-foot clear heights as well as ESFR sprinkler systems. The project’s developer has already secured a full-building lease for the 67,400-square-foot Building 9. Palomino Ranch’s first phase has also achieved LEED Silver certification.
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The second phase of the development is planned to commence next month while the third will begin in the third quarter of this year. Respectively, the second and third phases of the Palomino Ranch Business Park Project in Norco will add 533,000 and 750,000 square feet to the development.
Overview of the entire Palomino Ranch Business Park Project in Norco, California
Palomino Ranch Business Park, a 112-acre master-planned industrial park with 24 buildings will total over 2 million square feet. Furthermore, it will be the biggest in the history of the city when it is finished. American International Group provided $200 million in finance for CapRock’s third brand-new construction in Norco.
The project is located within 55 miles of Los Angeles International Airport. In addition, it is approximately 2 miles north of the intersection of Interstate 15 and Freeway 91, and 13 miles from Ontario International Airport.
Senior Vice Presidents Jeff Ruscigno and Paul Earnhart, along with Senior Vice Presidents & Principals Brian Pharris, Austin Hill, Ryan Earnhart, and Jeff Smith, make up the Lee & Associates team promoting Palomino Ranch Business Park for lease.
According to Jon Pharris, co-founder and president of CapRock Partners, “The Inland Empire maintains its position as one of the tightest industrial markets in the United States. CapRock is pleased to complete the first phase of Palomino Ranch Business Park.
The park is ideally located with best-in-class industrial facilities, to meet the ongoing demand. CapRock recognized the long-term potential of the Norco market early on, and the region has shown resilience and continued economic growth.”
