CHINO, Calif.--(BUSINESS WIRE)--Watson Land Company (Watson), one of the nation’s premier developers and owners of masterplanned industrial real estate, today announced the completion of two leases totaling 1,168,080 square feet of Class A industrial property at Watson Industrial Park Chino (WIP Chino), marking the completion of construction and leasing for the second phase of development at the site.
“We are extremely pleased with the progress at Watson Industrial Park Chino and look forward to commencing with the next phase of our masterplan,” said Jeffrey Jennison, President and CEO of Watson. “Completion of Building 842 is a special milestone for our company as it is the largest building developed by Watson to date. Our ability to lease the entire building prior to final completion underscores the strength of the market.”
Watson has been represented exclusively at WIP Chino Phases 1-3 by Tom Taylor, Steve Bellitti, Summer Coulter and Josh Hayes with Colliers International.
Watson also operates an in-house asset management office in Chino Hills, Calif., to provide local dedicated customer service to WIP Chino, Watson Commerce Center Chino and the balance of its Inland Empire holdings totaling eight million square feet.
WIP Chino is a 263-acre masterplanned center offering a variety of flexible distribution, warehouse and operational headquarters locations. All buildings in the masterplanned center are designed to achieve LEED® certification through the U.S. Green Building Council. The project is entitled for a total of 5.1 million square feet in 11 buildings, with approximately 2.59 million square feet in five buildings now complete and occupied. WIP Chino offers a strategic Inland Empire West location with access to major transportation corridors like the 10, 15, 60, 71, and 91 freeways; the Ports of Los Angeles and Long Beach; several regional airports; and Burlington Northern Santa Fe and Union Pacific rail lines.
Construction of phase three at WIP Chino is set to commence in March 2018, adding an additional 1.41 million square feet in three buildings to the center when complete. Phase four will feature an additional 1.1 million square feet of space in an additional three buildings, with completion of all phases expected by the end of 2019.
WIP Chino buildings are part of the company’s Legacy Building Series℠, a generation of highly flexible, Class-A facilities with distinctive architectural detail, designed to offer maximum efficiency and flexibility for distribution and manufacturing operations. Key features of the Legacy Building Series℠ include:
- 32-36 foot minimum warehouse clearance height.
- Early Suppression Fast Response (ESFR) sprinkler system.
- Oversized, 100 percent concrete truck yard.
- Abundant trailer storage positions and dock high doors
- Architecturally distinctive building appearance, including a generous use of glass, score lines, accent painting, and landscaping.
- Energy efficient lighting, three percent skylight to roof ratio and white ceiling insulation to promote efficient energy use and excellent warehouse illumination.
- Abundant skylights and clerestory windows for maximum natural light
- Seven to eight-inch thick, 4,000 pound per square inch (psi) concrete floor slabs with FF35/FL25 finish.
ABOUT WATSON LAND COMPANY
Watson Land Company (Watson) is a
privately-held developer, owner and manager of masterplanned industrial
centers designed to meet the efficiency demands of modern logistics and
manufacturing uses. The company currently owns and operates a 20
million-square-foot portfolio of high-quality industrial properties
located throughout Southern California and the East Coast. With more
than a century of success as its legacy, Watson’s dedication to its
customers is based upon delivering functional, high quality buildings
within masterplanned centers, paired with attentive property management
service. Watson was the first industrial developer in Southern
California to design and construct speculative industrial buildings in
accordance with the U.S. Green Building Council’s Leadership in Energy &
Environmental Design (LEED®) guidelines. For more information, visit www.watsonlandcompany.com.
