CapRock Partners has completed the first phase of the Palomino Ranch Business Park in Norco, California. This business park is 44 acres big, with approximately 700,000 square feet of industrial area and an additional 50,000 square feet of office space. The industrial areas in the buildings range from 57,000 to 160,000 square feet. This phase has achieved LEED Silver certification, and features include truck courts with up to 185-foot depths, 30- to 36-foot clear heights, and ESFR sprinkler systems. CapRock was also able to lease the entire Building 9, which is 67,400 square feet, to the developer.
The Palomino Ranch Business Park Project
In the third quarter, the second phase of Palomino Ranch Business Park is set to commence, which will add 533,000 square feet. When completed, this 112-acre master-planned industrial park with 24 buildings will total over 2 million square feet, making it one of the largest and most historical projects in the city. This project is located 55 miles away from the Los Angeles International Airport, 2 miles north of the intersection of Interstate 15 and Freeway 91, and 13 miles away from Ontario International Airport. American International Group provided $200 million in finance for CapRock’s third brand-new construction in Norco.
Lee & Associates, composed of Senior Vice Presidents Jeff Ruscigno and Paul Earnhart, along with Senior Vice Presidents & Principals Brian Pharris, Austin Hill, Ryan Earnhart, and Jeff Smith, are promoting Palomino Ranch Business Park for lease.
Benefits of Palomino Ranch Business Park
- LEED Silver Certification
- Best-in-class industrial facilities
- Strategic location near airports and major interstates
- 24 buildings on 112 acres
- CapRock’s third brand-new construction in Norco
According to Jon Pharris, co-founder and president of CapRock Partners, “The Inland Empire maintains its position as one of the tightest industrial markets in the United States. CapRock is pleased to complete the first phase of Palomino Ranch Business Park. Furthermore, it is ideally located with best-in-class industrial facilities to meet the ongoing demand. CapRock recognized the long-term potential of the Norco market early on, and the region has shown resilience and continued economic growth.”
Frequently Asked Questions
Who completed the first phase of Palomino Ranch Business Park?
The first phase of Palomino Ranch Business Park was completed by CapRock Partners.
What is the size of the Palomino Ranch Business Park?
The business park covers 44 acres and spans approximately 700,000 square feet in Norco, California.
What is the total square footage of phase two?
Phase two of Palomino Ranch Business Park will add 533,000 square feet, bringing the total square footage to over 2 million square feet.
What benefits does Palomino Ranch Business Park offer?
Palomino Ranch Business Park offers LEED Silver Certification, best-in-class industrial facilities in a strategic location, 24 buildings on 112 acres, and CapRock’s third brand-new construction in Norco.
