ONTARIO, CA—Sares-Regis Group has acquired 150 acres of prime commercial land adjacent to Interstate 10 here, and plans to develop premium LEED-rated class A industrial distribution buildings totaling 3 million square feet. In concert with the land purchase, Seres-Regis Group (SRG) pre-leased the largest of the seven buildings planned for the site to QVC for the giant video and e-commerce retailer's first West Coast distribution hub.
“This is the largest and last tract of developable land in the western end of the Inland Empire and located on the I-10 Freeway. QVC looked at several properties on the market, and we're pleased that our location was able to satisfy their logistic requirements,” said Larry Lukanish, senior vice president of SRG Commercial Development.
The property is part of the undeveloped 243-acre Meredith International Centre, which extends nearly a mile along the north side of I-10, opposite LA/Ontario International Airport between Archibald and Vineyard avenues.
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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.
