Alder Commerce Center Slated for Completion in 3Q 2021
INLAND EMPIRE, CA (December 15, 2020) – Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that one of its newest development projects in the Inland Empire, Alder Commerce Center, has broken ground. The state-of-the-art, 175,000-square-foot industrial development, strategically located next to I-10 in Bloomington, is expected to deliver in 3Q 2021. This project will add to the firm’s national footprint of over 9,500,000 square feet of industrial development under production and in its near-term pipeline.
“Alder Commerce Center represents a full team effort since the origination of the opportunity in 2018, and it’s incredibly exciting to watch the development come to life,” said Scott Sowanick, Senior Director at Stream. “We’re thrilled to add another project to our Inland Empire portfolio, and we’re confident in this development’s ability to meet market demands in terms of timing and design.”
Having acquired the land in April 2019 and receiving full entitlements in December 2019, Stream’s new development will accommodate a diverse range of tenant sizes, offering users a combination of accessibility, functionality and prominence. First-class features include 21 loading docks, two drive-in’s, 180-foot truck court depth, 32-foot clear ceiling heights and parking for 113 cars and 37 trailers. Situated on 8.72 acres and located near multiple major highways and points of interest, the site offers close proximity to a UPS hub (0.8 miles) and FedEx hub (5 miles), convenient access to the San Bernardino Intermodal Rail Yard (9 miles) and Ontario International Airport (10 miles) and highly desirable corporate neighborhood tenants such as Target, YRC Freight, XPO Logistics and Home Depot, to name a few.
“The Inland Empire industrial market will continue to drive strong demand given the exponential increase in e-Commerce activity,” said Martin Pupil, Executive Managing Director for Stream’s Southern California operations. “Despite the many challenges COVID has brought to bear, we’ve been strategically investing in growing our platform—successfully executing on sound opportunities like Alder Commerce Center—and will continue to do so.”
Stream’s Industrial Development Services team of Sowanick, Cannon Green, Albert Jarrell and Michael Gregg are leading the development of the project, while Chase MacLeod spearheads Stream’s leasing efforts. Allison Bush will round out the Stream team as property manager for the asset.