A Newport Beach developer has acquired 20 acres of land near San Bernardino International Airport and plans to break ground on a 406,000-square-foot regional fulfillment and distribution center this spring.
According to a news release last week, Birtcher Development purchased the lot from 6th Street LLC for $17.6 million.
Construction is expected to conclude later this year.
“The demand for new, modern industrial space in the San Bernardino Airport submarket is incredibly high,” Brooke Birtcher Gustafson, the company’s managing director, said in the release. Gustafson added that the project would arrive “during a time when the e-commerce boom is driving unprecedented industrial demand.”
No Tenant Announced
Bound for an unimproved lot not far from single-family residences and apartment complexes, the high-cube industrial warehouse will have 65 docks and 167 designated trailer stalls. A tenant has not been announced at this time.
At Sixth Street between Lankershim and Sterling avenues in the North Norton neighborhood, the 20 acre site is near the 10 and 215 freeways and the San Bernardino International Airport, which itself is expecting the arrival of a $200 million air cargo logistics center.
The Eastgate Air Cargo Logistics Center was approved by the FAA late last month.
Birtcher, a fifth-generation family industrial real estate company, has acquired, managed or developed more than 65 million square feet across more than 260 projects valued in excess of $7 billion, according to the release.
The Orange County developer has raised warehouses as large as 1.5 million square feet.
A 406,000-square-foot fulfillment and distribution center is expected to be built by the end of the year on a 20-acre lot near San Bernardino International Airport.