We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Alere Property Group acquires marquee industrial asset in Norco,,Calif.
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Alere Property Group acquires marquee industrial asset in Norco,,Calif.

ALERE PROPERTY GROUP ACQUIRES MARQUEE INDUSTRIAL ASSET IN NORCO, CALIF.
October 6, 2021
No Comments

Alere Property Group, a leading developer and investor of industrial real estate in Southern California, today announced its acquisition of Saddle Ranch Business Park, a 422,000-square-foot Class A industrial warehouse complex in Norco, Calif. Alere purchased the asset, which is fully leased to vitamin and nutrition company, Goli Nutrition, from Southern California-based developer CapRock Partners. Terms of the purchase and sale transaction are not disclosed.

“Saddle Ranch Business Park is a well-designed and uniquely positioned asset within the Inland Empire West, and is a strategic acquisition for Alere,” said Alan Carmichael, senior vice president of investments at Alere Property Group. “Demand for modern industrial space in the Norco/Corona submarket is supported by its accessibility to Orange County. The recently completed property, which is located along the I-15 freeway and near a major logistics interchange, compliments Alere’s approach and is an excellent addition to our portfolio of high-quality industrial assets.”

Saddle Ranch Business Park consists of four state-of-the-art buildings ranging in size from approximately 81,000 square feet to 158,000 square feet with clear heights from 30 feet to 32 feet. The concrete tilt-up structures feature dock high and grade level loading, ESFR sprinklers, ample power, large truck courts and 5.6% office space.

Saddle Ranch Business Park is located at 3300 to 3390 Horseless Carriage Drive, less than a mile from the I-15 freeway and proximate to the SR-91, I-215, SR-60 and I-10 freeways. The asset’s position within the Inland Empire West submarket is desirable for tenants requiring efficient access to Los Angeles and Orange counties, the San Gabriel Valley and the mid-counties region. The site is near the SR-91/I-15 Interchange and proximate to North Orange County markets, as well as the Western Inland Empire cities of Ontario, Eastvale, Chino Hills, Chino, Corona and Riverside.

Combined, the cities of Norco and Corona make up a key distribution infill market with limited remaining developable land. It offers close access to rail lines and airports including the Ontario International Airport and Los Angeles International Airport. According to CBRE, rising rental rates in Orange County are driving industrial warehouse demand to Norco/Corona as a lower cost alternative market. The submarket also offers multiple amenities and has strong corporate neighbors.

Goli Nutrition uses Saddle Ranch Business Park for its corporate headquarters and the manufacturing and distribution of its products. The tenant has invested significant capital to customize the buildings for its product manufacturing and has installed a high-end cafeteria and commercial grade kitchen, among other improvements.

“The Norco/Corona submarket continues to fill in with robust economic activity, and Saddle Ranch Business Park is an exceptional facility that supports a variety of uses,” added Carmichael. “While the remarkable growth of e-commerce supports a majority of the demand for new warehouse space in the Inland Empire, Southern California-based manufacturing companies are performing well and are also in need of contemporary industrial facilities to grow their businesses. Alere is committed to supporting the industrial space needs of these manufacturers.”

CBRE represented Alere and CapRock and in the transaction, led by Darla Longo, Barbara Perrier, Rebecca Perlmutter, Joe Cesta and Eric Cox. The following team from Lee and Associates also consulted in the deal: Paul Earnhart, Jeff Ruscigno, Brian Pharris and Ryan Earnhart.

Alere owns over 20 million square feet of industrial space within the Inland Empire West and East submarkets and is currently in development on five ground-up industrial projects over 1 million square feet in Southern California. The firm targets core and value-add investment opportunities throughout Southern California, in addition to large-scale ground-up development opportunities ranging from 25,000 to over 1 million square feet. Alere recently announced it is under construction on two premier ground-up developments in Chino, Calif. totaling approximately 626,000 square feet.

ABOUT ALERE PROPERTY GROUP
Founded in 2003, Alere Property Group is one of the largest and most established owners of industrial real estate in Southern California with a robust portfolio of over 30 million square feet of high-quality industrial space valued at approximately $6.3 billion. The Newport Beach-based company is an efficient, vertically integrated operation with capabilities spanning all functions of investment and development. Focused on creating long-term value, Alere builds sleek and modern industrial facilities that exceed expectations in design, functionality and efficiency in locations critical to meeting the complex needs of the world’s most sophisticated e-commerce, distribution and manufacturing corporations. For more information, visit alerellc.com. Follow the company on LinkedIn.

https://alerellc.com/
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Material Handling Supply Chain Services Special Coverage
KEYWORDS Alere Property Group
  • Related Articles

    ALERE PROPERTY GROUP ACQUIRES 35,475-SQUARE-FOOT INDUSTRIAL BUILDING IN IRVINE, CALIF.

    Alere Property Group Acquires High Profile 709,000-SF Industrial Asset in California’s Inland Empire

    ALERE PROPERTY GROUP STARTS DEVELOPMENT ON TWO NEW INDUSTRIAL WAREHOUSE COMPLEXES IN CHINO, CALIF.

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Researchers: Ships can look to Mother Nature for energy-saving ideas

  • Maersk deploys indoor drones for warehouse inventory counts

Now Playing on DCV-TV

C8c3bc6b a91d 4181 a18f 35f288257630

ACPaQ: Fast and reliable automated mixed case palletizer

DCV-TV 4: Viewer Contributed
Fully Automated Mixed Case Palletizing ACPaQ is a universally applicable solution for fully automated order picking of mixed case pallets based on customers‘ requirements. Its software allows you to customize the palletizing order to increase efficiency during in-store replenishment. The mixed case palletizer...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing