Alere Moves Forward on Inland Empire Spec Projects

Rendering of Euclid Industrial Park. Image courtesy of Alere Property Group

Alere Property Group has gotten underway with two industrial warehouse development projects in separate locations in Chino, Calif.

Between them, the two speculative developments will add 12 buildings totaling 626,000 square feet of industrial space to the Inland Empire West submarket.

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The larger of the two is Euclid Industrial Park, an 18.6-acre, 360,000-square-foot development comprising eight buildings at Bickmore Avenue and Euclid Avenue (CA-83). The largest building, of 206,118 square feet, will have a clear height of 36 feet; the rest, ranging from 13,050 to 49,640 square feet, will have 26-foot clear ceilings.

Alere broke ground on the park in the second quarter, and completion is slated for August 2022.

Ken Andersen, Eric Fikse and Richard John of Daum Commercial represented Alere in the land acquisition and will oversee the project’s leasing.

The smaller project is Chino Commerce Park, a 13-acre, four-building, 266,348-square-foot development at East End Avenue and County Road, close to the 71 and 60 freeway interchange. It will be anchored by a 210,747-square-foot distribution warehouse with 36-foot clear height and also includes three smaller buildings of 15,104 to 25,177 square feet, all with 26-foot clear heights.

Completion of the park is anticipated in May 2022.

Tim Pimentel, Chris Tolles, Eric Larson and Robin Dodson of Cushman & Wakefield represented Alere in the Chino Commerce Park land transaction and will oversee the project’s leasing.

No vacancy

In addition to Euclid Industrial Park and Chino Commerce Park, Alere has other industrial projects moving forward in Southern California. These include 656 S. Cucamonga Ave., a speculative 211,000-square-foot Class A warehouse in Ontario, and 15922 Slover Ave., a 150,000-square foot speculative warehouse in Fontana.

In February, Rexford Industrial Realty Inc. acquired a 65,000-square-foot industrial building on Lindsay Court in Chino for $12.7 million. Rexford plans on repositioning and re-tenanting the property.

The Inland Empire industrial real estate market continues to benefit from the e-commerce boom, as evidence of which the Port of Los Angeles and Port of Long Beach are both handling record quantities of cargo, according to a July report from Cushman & Wakefield.

In the Chino submarket, overall vacancy is an essentially nonexistent 0.2 percent, on an inventory of 48.3 million square feet and with just 954,000 square feet under construction, also according to Cushman & Wakefield.