Molto Properties, a Chicago-based real estate company, has recently secured construction financing and commenced construction on an 86,690-square-foot warehouse in Fontana. This marks Molto’s fourth speculative project in the Inland Empire region within the past five years.
The new facility located at 11010 Banana Avenue in Fontana, CA will be situated within the Southwest Industrial Park and provide convenient access to major interstates such as I-10 and I-15. The building boasts impressive features including a clear height of 32 feet, two-story office space spanning over 6,700 square feet,and ample loading docks and auto parking.
Construction for this project began in October of 2023 with an expected completion date set for the third quarter of 2024. Leading leasing efforts for this development is CBRE’s Josh Hayes who expressed excitement about being involved with such a cutting-edge development in a submarket that continues to exceed expectations. With fewer new constructions coming onto market,Molto is well-positioned to capitalize on demand for industrial spaceinthe West Inland Empire area.
This article was originally published by Connect CRE.
