Davis Partners has purchased a 16.61 Acre fully entitled land site for the development of eleven (11) industrial buildings in Mira Loma, CA within the Mira Loma Commerce Center on De Forest Circle. Mira Loma Industrial Center North and South will have buildings ranging from approximately 10,000SF to 40,000SF and will be marketed for sale or lease by Cushman & Wakefield to users and investors. The project aligns with Davis Partners historical experience in office and industrial building development, and after completion of this project Davis Partners will have acquired and developed more than 7 million square feet of office and industrial buildings in Southern California.
The Mira Loma Industrial Center project, will be Davis Partners second project within the Mira Loma Commerce Center master planned Industrial area where in 2005 Davis Partners completed a 5 building project, the Grapevine Business Center, totaling over 178,000 square feet.
“We are focusing on our development roots and our trust in the Southern California entrepreneurial business environment. Davis Partners has historically focused on the development of small owner/user industrial buildings for sale, and this Mira Loma entitled site presents the same opportunity. As the availability of similar product remains limited, and considering similar sized land sites typically focus on the development of larger 100,000+ square foot buildings, it makes it difficult to build these user size buildings located near the 15 and 60 interchange just east of Ontario Airport. This project is a unique and exciting opportunity,” said Daniel Karcher, Senior Vice President for Davis Partners. “We are fully capitalized with Farmers and Merchants Bank providing construction financing and are prepared to break ground in early 2018.”