Alere Property Group has begun the construction of a class A, approximately 211,000-square-foot speculative industrial warehouse in Ontario, Calif. It is located at 1656 S. Cucamonga Avenue.
At completion, the project will feature 40-foot clear height and approximately 5,000 square feet of two-story office space. In addition, Alere acquired two existing Orange County, Calif., industrial assets in separate transactions. The acquisitions are located in Irvine and Huntington Beach and collectively add approximately 167,000 square feet to Alere’s well-established portfolio, which includes more than 30 million square feet of high-quality Southern California industrial space valued at more than $5.5 billion.
“As the industrial real estate market maintains its momentum in 2021, Alere continues to deliver best-in-class assets in key locations throughout the Southern California basin,” said Clark Neuhoff, chief development officer at Alere Property Group. “With a [more
