Jun 4 2015
Ridge Development, the industrial development arm of Transwestern Development Co., today announces speculative construction has commenced on the first building in a planned two-building project owned and managed by Indianapolis-based Duke Realty Corp.. Duke Perris Logistics Center is located at 3300 – 3500 Indian Ave. in Perris, California.
Scheduled for delivery in August 2015, Building II is a speculative, 783,407-square-foot warehouse/distribution facility. Construction on the second building, a planned 1,224,874-square-foot facility, will begin when a tenant is secured or when market conditions are appropriate.
Ridge Development, the industrial development arm of Transwestern Development Co., has begun construction on the first building in a planned two-building project owned and managed by Indianapolis-based Duke Realty Corp.
"We are very excited to begin work on Duke Perris Logistics Center," said Dennis Rice, executive vice president at Ridge Development. "As one of the many advantages of the project, the Interstate 215 South location allows tenants to quickly and efficiently service the entire Southern California region, a priority for many of the businesses in our target market."
Located less than a mile from I-215, Building II offers a 36-foot clear height, ESFR fire protection system, 183 trailer parking spaces and 276 vehicle parking spaces. Additionally, the building includes 118 dock-high loading doors and will be LEED® Certified. The I-215 South submarket is home to many prominent companies including Amazon.com Inc., Home Depot Inc., Lowe's Companies Inc., Whirlpool Corp., Hanesbrands Inc. and Proctor & Gamble Co.
The buildings were designed by HerdmanRierson architecture+design Inc., and Fullmer Construction is the general contractor. Thomas Taylor, Steven Bellitti and Summer Coulter of Colliers International are providing leasing services.
ABOUT DUKE REALTY CORPORATION
Duke Realty Corporation owns, maintains an interest in or has under development approximately 141 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com
ABOUT RIDGE DEVELOPMENT
Ridge Development is the industrial development arm of Transwestern Development Company, a diversified real estate developer with expertise in all commercial property types. Ridge Development is managed by the former principals of Ridge Property Trust. Ridge Development specializes in industrial development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout the United States and Mexico. Based in Chicago, the venture serves North American clients from six U.S. offices and one office in Monterrey, Mexico. The Transwestern Development and Ridge Development teams have developed, constructed and managed more than 138 million square feet of industrial and distribution space.
Source: Ridge Development