Newport Beach-based industrial real estate investor CapRock Partners raised $700 million from its Logistics Venture Fund to invest $2 billion in industrial development totaling 15 million square feet throughout the Western US.

Inland Empire Gets the Lion’s Share

As reported in the Globe Est., the Inland Empire will get three projects that CapRock will develop using the raised funds. These three projects include:

Saddle Ranch Business Park (2nd Phase)

Saddle Ranch Business Park is an 800K-square-foot, seven-building industrial warehouse complex in the Inland Empire. It is situated within minutes of Orange County and the Inland Empire West.

Palomino Business Park

The Palomino Business Park Project would redevelop approximately 110 acres of land within the City of Norco for a new business park that would include industrial, commercial, and office uses. It includes:

• 36 industrial buildings
• 3 commercial buildings

I-15 Logistics

This is a 1.2 million-square-foot logistics facility in Fontana. It’s the largest single industrial building in the Inland Empire west.

Value-add Industrial Projects

CapRock Partners invests in value-add industrial projects. It’s an oversubscribed fund, which now has a buying power of $$1 Billion will be used to develop the three projects listed above.

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Author: Sharjeel

Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.