CT Realty, in a joint venture with PGIM Real Estate, has announced the development of Agua Mansa Commerce Park, a state-of-the-art multi-building logistics project in the heart of Southern California’s Inland Empire industrial market.
The fully entitled 4.4 million-square-foot project has undergone significant predevelopment by CT Realty, which will begin sitework immediately and plans shell completion of the first buildings by summer 2021. PGIM Real Estate has invested in the development on behalf of institutional investors in its U.S. core-plus equity fund.
“Developing a project of this magnitude on a spec basis speaks volumes to the confidence we have in the overall market, the project, and in this fantastic location,” said Carter Ewing, managing partner at CT. “We are fortunate to have the strongest industrial market in the U.S. right here in Southern California, and consistent with our experience in other major markets across the country, we expect to see
