FONTANA, CA-REDA Bascom Ventures, a joint venture between Newport Beach-based Real Estate Development Associates, LLC and Irvine-based Bascom Group, LLC has acquired 16 acres of development land located at 11100 Hemlock Avenue in Fontana. Rustin Mork, Anthony Dedeaux and Brett Dedeaux of Bingswanger Realty Advisors represented the seller, JM Eagle. Kevin McKenna and Scott Sanders of Colliers International represented the buyer, and will provide leasing and sales services for the project.

The property had been an undeveloped parcel of the JM Eagle Fontana manufacturing facility property. REDA Bascom Ventures plans to develop the site into a state-of-the-art industrial / distribution building totaling 350,000 square feet.

“The acquisition of the Hemlock site aligns with our focus of identifying and acquiring quality opportunities for development and redevelopment in strategic markets,” said Real Estate Development Associates principal Jason Krotts. “Fontana has proven to be one of the strongest industrial markets in the LA basin. We are excited to be working with the city of Fontana to develop this property and are seeking additional opportunities where we can add long lasting value.”