CapRock Partners has acquired a 22.1-acre parcel within the World Logistics Center masterplan in Moreno Valley, California for the development of CapRock Global Logistics, an approximately 500,000-square-foot new LEED certified industrial warehouse. The acquisition was made from a Southern California based developer through an off-market transaction.
Taylor Arnett, first VP of Acquisitions at CapRock Partners expressed enthusiasm about this future focused project: “We are thrilled to develop a state-of-the art institutional level industrial asset adjacent to the World Logistics Center – an undeniably impactful distribution hub advancing logistics in the Western U.S.”
The 2,610 acre planned business park is projected to bring more than 40 million square feet of sustainable logistics facilities by 2030 and will be North America’s largest logistics business park upon completion. Stream Realty Partners’ Stefan Pastor and Brad Yates represented Cap Rock while Mark Repstad from Southland Commercial Real Estate represented the seller in this sale transaction.
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