Lovett Industrial, a Houston-based company, has secured entitlement for a 298,000-square-foot industrial facility in Chino’s Inland Empire West submarket. The construction of Schaefer Logistics Center on 13.52 acres at 13610 Yorba Ave is expected to begin in the fourth quarter of 2024 and be completed by the end of 2025.
According to Tyler Banton, Lovett Industrial’s California market leader, this investment was strategically chosen due to its location as the last available parcel near the port in Inland Empire with strong long-term fundamentals. He also stated that Chino is an ideal regional location for local, regional and national distribution needs within Southern California – which is known as the largest US logistics market.
Clyde Stauff from Colliers’ Irvine office added that Lovett Industrial was selected as successful bidder for this prime South Chino property previously owned by George F. Putnam estate. He praised their seamless acquisition process and navigating through complex entitlements required for building a single-building distribution center like Schaefer Logistics Center – designed with state-of-the-art features suitable for modern warehouse and distribution tenants.
Marketing and leasing responsibilities will be handled by Jace Gan along with Clyde Stauff from Colliers.
Houston-based company Lovett Industrial has recently received entitlement approval for their upcoming project – Schaefer Logistics Center located at Yorba Ave in Chino’s Inland Empire West submarket covering an area of over two hundred ninety-eight thousand square feet on thirteen point five-two acres landmasses expected to commence construction during Q4-2024 while completion slated before year-end twenty-twenty-five.
Tyler Banton who leads California operations at Lovett expressed his views stating how they identified this opportunity being closest developable parcel next door port making it strategic investment considering robust future prospects while adding how Southern Californian region serves biggest US logistics hub henceforth considered perfect regional location for local, national and international distribution needs.
Clyde Stauff who serves as vice-chair at Colliers’ Irvine office mentioned how Lovett Industrial was chosen as successful bidder for this prime South Chino property which belonged to George F. Putnam estate while praising their seamless acquisition process along with navigating through complex entitlements required building a single-building distribution center like Schaefer Logistics Center – designed with state-of-the-art features suitable for modern warehouse and distribution tenants.
Marketing & leasing responsibilities will be handled by Jace Gan in association with Clyde Stauff from Colliers.
