IRVINE, Calif. – April 30, 2024 – Rockefeller Group has begun construction of Sycamore Hills Distribution Center on 34.63 net acres in Riverside, Calif. The project includes two buildings totaling 603,100 square feet: a 400,000 square foot building (Building A) and a 203,100 square foot building (Building B). The project is in California’s Inland Empire East industrial submarket. JPMorgan Chase provided $87.2 million in construction financing to support the project.
“Although the industrial market slowed in 2023 and the first quarter of 2024, we believe that industrial buildings in these size ranges will be in demand by prospective tenants soon before the project is completed in early 2025,” said James V. Camp, Senior Managing Director for Rockefeller Group’s West Region. “The buildings are being developed on separate land parcels and available for lease or for sale.”
Sycamore Hills Distribution Center is located along Alessandro Boulevard and Barton Street just west of the I-215 Freeway’s Alessandro Boulevard on/off ramp. The project is strategically located near the Ontario International Airport with easy access to the Ports of Los Angeles/Long Beach and within an eight-hour drive to customers in Nevada, Utah, Arizona, and New Mexico. The two buildings include 36’ clear heights, 56’ x 60’ column spacing, 623 auto parking spaces and 155 trailer parking stalls.
As part of the development, Rockefeller Group will also develop and then donate a 1.18-acre trailhead parking lot north of the property which will provide hiking and mountain biking access to the Sycamore Canyon Wilderness Park. Rockefeller Group worked closely with the City of Riverside on the project, which will extend Barton Road to the new trailhead parking lot. The trailhead parking lot will include 52 parking stalls, a seating area, drinking fountain and bike repair stand which will be dedicated in fee title to the City of Riverside by Rockefeller Group upon completion.
Bill Heim, Alex Heim, Michael Chavez, Mario Calvillo and Finn Comer of Lee & Associates – Ontario will oversee leasing of the project. The buildings were designed by HPA Architects and engineered by Kimley-Horn. The general contractor is Fullmer Construction with construction project management services provided by ECM Management.
About Rockefeller Group
Rockefeller Group is a leading real estate developer, owner and investor, known for the development of Rockefeller Center in New York City and for pioneering large-scale urban mixed-use development throughout the country. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective acquisition, management and development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets.
