RIVERSIDE, CA—Westcore Properties has jumped at what it calls a unique opportunity, purchasing a 260,000-square-foot ground and air industrial facility at the March Air Reserve Base in Riverside County.

Located at 17101 Heacock Street the property offers features direct access to the 13,000-foot March Air Runway for loading and unloading planes, an 11-ramp aircraft parking space, and a state-of-the-art truck terminal. The property is currently occupied by AMRO Fabricating Corporation and Ross Dress for Less. AMRO Fabricating occupies 100,000-square-feet of the property that connects to the runway, while Ross Dress for Less occupies the 160,000-square-foot truck terminal portion.

“This is a unique property for us to own and marks the first on-tarmac property we've purchased in the U.S.,” said Don Ankeny, president and CEO of Westcore Properties. “We were drawn to this property because of the direct ties it has with the March Air Reserve Base and the growing industrial market in the immediate area. Throughout the west coast, truck terminal properties with direct access to an airfield are virtually nonexistent. This gives us great potential for future tenants, and we plan to target aerospace, cargo, freight forwarders and defense contractors.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.