GlobeSt.com learns that construction costs are in the $19 million range. John A. Dobrott, McShane Development president of the industrial division, says that the continued velocity of leasing activity within the Inland Empire has provided the opportunity to develop this sizable speculative industrial property. The area’s low real estate costs and available land will continue to drive the popularity and growth of the area both in the short- and long-term, says Dobrott.

Corporate neighbors near the business park include Ashley Furniture, Salton, Hershey and ICON. The Redlands Business Park is just 20 miles east of the Ontario International Airport and just north of Interstate 10 between Mountain View Avenue and California Street. The location offers immediate access to the I-10 and I-215 freeways and is situated approximately nine miles from the Burlington Northern Santa Fe intermodal container facility, one half mile from San Bernardino International Airport and 10 minutes from the YRC Worldwide Inland Empire transit hub.

Ruben Goodsell, Michael McCrary, Peter McWilliams and Nicole Page of Jones Lang LaSalle represent the McShane / MetLife development alliance and are the exclusive marketing agents for the remaining land parcels available at the Redlands Business Park. McCrary, EVP of JLL, tells GlobeSt.com that the Inland Empire and Redlands industrial markets are at a point in the real estate cycle that makes it an “optimal time” for McShane to start speculative construction. “The vacancy rate in the greater Inland Empire is well below 4% with no competitive buildings under construction in Redlands,” he says. “The Inland Empire remains very active with a number of companies looking to migrate in to this market or organic growth from existing tenants looking for additional space. Additionally, the BNSF San Bernardino Intermodal rail/container yard is attracting tenants looking to minimize their transportation costs.”