A long-time vacant site in Riverside totaling 14.25 acres is being developed to serve as a 1.86 million square-foot distribution center for Target. The deal was approved by the March Joint Powers Authority in May and will be completed as soon as the third quarter of 2022.
The retail chain’s new distribution facility, which is located at 25000 Van Buren Boulevard in Riverside County, is being developed by Dallas-based Hillwood Investments. Permits for the property were secured at the end of 2021. Once completed, the distribution center will include 46,637 square feet of ground-floor office space, 13,506 square feet of second floor office space, 2,390 parking spaces and 1,000 truck trailer parking stalls.
Additionally, a pedestrian bridge at the site would allow employees to pass above the main truck drive aisle.
Plans initially included a distribution center totaling more than 2 million square feet. However, the plans were scaled back by 155,416 square feet to add additional truck trailer parking stalls.
The project site is located directly east of Interstate 215 and west of the 158-acre March Air Force Reserve Base. The property is also near the March Inland Port Airport and the March Field Air Museum. Located in unincorporated Riverside, the site also borders the city of Perris.
Target currently operates 48 distribution centers across the United States in addition to its 1,926 stores. The Minneapolis-based retail company was founded in 1902, and recently announced plans to add 30,000 new supply chain employees across the country.
Hillwood, the property’s developer, is both an industrial real estate development and investment company. The company launched its current platform in 1998 and has since developed industrial properties across North America and Europe, including in Poland, Germany and the United Kingdom. In total, the company spans 56 global markets, with 231.8 million square feet of industrial properties developed or acquired as of the third quarter of 2021.
In the Inland Empire, the company also has developed AllianceCalifornia, a 2,000-acre trade and logistics center in San Bernardino as well as the Speedway Commerce Center, which will be delivered to Rancho Cucamonga in the third quarter of 2022.
Hillwood did not respond to a request for comment.
