Lovett Industrial Receives Entitlement for 298,000 square-foot industrial facility in Chino, California
10 July 2024 - 4:00AM
Business Wire
Lovett Industrial, the Houston-based real estate investment
firm, has obtained entitlement for a 298,000-square-foot industrial
facility on 13.52 acres in the Inland Empire West submarket of
Chino, California.
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Schaefer Logistics rendering (Photo:
Business Wire)
Schaefer Logistics Center, located at 13610 Yorba Avenue, will
include a 36-foot clear height, 7-inch concrete slab, 46 dock-high
doors, a 195-foot-6-inch truck court, and 56 trailer stalls.
Construction is expected to commence in Q4 of 2024 and be completed
by the end of 2025.
This center will bring newly constructed infrastructure,
including road widening on Yorba Avenue and Schaefer Avenue, new
and modified traffic signals, bike lanes, sidewalks, and municipal
utility improvements. It offers excellent proximity to a strong
labor force, a central location with the ability to reach the
larger population of Southern California and make multiple daily
trips to and from the Port of Los Angeles and Long Beach.
“We identified this opportunity as the last developable parcel
closest to the port in the Inland Empire making it a strategic
investment in a market with strong long-term fundamentals,” said
Tyler Banton, California Market Leader with Lovett Industrial.
“Southern California is the largest US logistics market and a true
regional distribution hub, and we feel that Chino is the best
regional location in the greater Southern California area for
local, regional, and national distribution requirements. Chino has
a wonderful, business-friendly environment, and the location checks
every box a major distributor would have in terms of access,
infrastructure, proximity to the port, and availability of labor.
We are fortunate to be able to partner with the City of Chino on
this exciting project.”
“Lovett Industrial was selected as the successful bidder for the
former George F. Putnam estate in a prime South Chino location,”
said Clyde Stauff, Vice Chair of Colliers’ Irvine office. “Lovett
facilitated a seamless process in the acquisition of the property
and navigated through the complex entitlement of the property for a
single-building distribution center. The Schaefer Logistics Center
has been carefully designed to include every state-of-the-art
functional feature needed to meet the requirements for today’s
sophisticated warehouse and distribution tenancies. We look forward
to the project's completion in the fourth quarter of 2025.”
Marketing and leasing efforts for Schaefer Logistics Center will
be exclusively handled by Clyde Stauff and Jace Gan of
Colliers.
About Lovett Industrial:
Founded in 2020 and based in Houston, Texas, Lovett Industrial
is a privately held vertically integrated logistics real estate
investment platform that seeks to develop and acquire industrial
real estate assets that are differentiated by their quality,
location, and functionality. Currently active in over 15 markets
across the United States, Lovett Industrial’s portfolio comprises
approximately 16 million square feet of completed, acquired, and
under-construction warehouses and over 10 million square feet of
warehouses planned for future development. Lovett Industrial’s
founders have combined over 60+ years of experience in the
commercial and industrial real estate sectors. For more
information, please see our website at
https://lovettindustrial.com/.
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Lily Aguilar Liliana.aguilar@lovettindustrial.com