A newly constructed six-building industrial park in the Inland Empire is drawing demand from tenants seeking flexible space options in the wake of the pandemic.
Altitude Business Centre, a 504,000-square-foot industrial park with some office space in Chino, California, has won a 2025 CoStar Impact Award, as voted on by judges with knowledge of the market.
Despite increasing vacancy and a glut of new construction across the market, Altitude Business Centre hit 80% occupancy within three months of the completion of the park’s last building in September. The tenant interest is likely thanks to "the thoughtful, energy-efficient design of this project and its ability to meet the real needs of the local market," said judge Lynn Yangchana, vice president at Ontario-based MGR Real Estate.
Developer Link Logistics attributes the project's success at landing tenants like women's apparel wholesaler Cape Robbin and manufacturer Spectrum Supercolor to the design, with secured truck courts installed across all of the buildings.
Altitude Business Center also benefits from being at the western edge of the Inland Empire, closer to the ports of Los Angeles and Long Beach than other speculative developments competing for tenants in the region, according to the firm.
Perks at the project include a custom dashboard that shows utility expenses, consumption and usage analysis along with recommended solutions for cutting energy consumption. Tenants also get access to walking and equestrian trails that are part of the master-planned community surrounding the industrial park.
About the development: Built by general contractor Fullmer Construction, three of the property's buildings are LEED-certified.
What the judges said: "Collectively it is a great development, with various sizes of buildings that provided options for the market," said Rene Ramos Jr., president of KW Commercial Inland Empire.
They made it happen: Link Logistics Real Estate Senior Vice President of Development Rachel Hickenbottom, Senior Development Manager Amanda Criscione, Financial Analyst Emily Mondonedo, Vice President Bryson Lloyd and Property Manager Megan Hernandez, along with AO Architects Senior Associate Damian Daniel.