Shea Properties Acquires 11 Acres Of Land In Fontana For $13M

Shea Properties has purchased 11+ acres of land in Fontana, California, for $13 million. The property is located at the northeast corner of Sierra Avenue and Casa Grande Avenue, and it is strategically positioned in northern Fontana near Interstate 15. The land will be developed into a large industrial area, featuring a 199,999-square-foot building, warehouse space, offices, dock doors, grade doors, and parking. The location is advantageous, with other industrial centers and distribution centers such as Target and FedEx nearby.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $13,000,000
• Market: Fontana
• Address: Northeast corner of Sierra Avenue & Casa Grande Avenue
• Size: 11+ acres

Colm Macken, representing Shea Properties, brokered the deal for the purchase of the land in Fontana. Shea Properties is planning a significant development on the property, aiming to create a thriving industrial space in the area. With its prime location and extensive facilities, the newly acquired land offers great potential for growth and expansion in the industrial sector.