case study

Industrial Development: Ontario Ranch

Ontario Ranch Inland Empire, California

​​​​​City/State​: O​ntario, California (Inland Empire area)​

​Clarion Par​tners, in conjunction with our development partner, Real Estate Development Associates  (REDA), closed on a 119-acre industrial site in November 2017 on behalf of one of Clarion's comm​ingled funds. The site is part of a larger, 8,000 acre mixed-use​ development known as Ontario Ranch in the Inland Empire West submarket of Southern California. The t​hree-building logistics campus totals 2.6 million square feet and features state-of-the-art Class A attributes, including cross-dock configuration, 40’ clear height, ESFR Sprinklers and LED lighting. The Inland Empire consistently ranks as one of the top-performing industrial markets in the U.S. and serves as an import hub for many large institutional occupiers.

Construction began in January 2019 and the first building in the project, totaling 1.18 million square feet, was ​pre-leased to the Kimberly-Clark Corporation​, an American multinational personal care corporation that produces mostly paper-based consumer products. 

Ontario, California construction images  

In April 2020, the second building in the project, totaling 1.25 million square feet, was ​pre-leased to ULINE, a leading distributor of shipping, industrial and packaging materials to businesses throughout North America. This lease was the largest industrial lease signed in Southern California in 2020 and ULINE assumed occupation of the building, which featured warehouse and office space, a year later. In 2023, the ULINE build-to-suit warehouse was recognized as the Industrial Project of the Year by the NAIOP SoCal Chapter.*

​Clarion Partners broke ground on the third and final building in the campus, a 112,000 square feet speculative warehouse, in Summer 2021 and completed the building at the end of 2022. The building was leased to a third-party logistics company in January 2023. 

Ontario site map reflecting two large and one small building pads​​





The investments described herein were selected based on non-performance-based criteria and are not necessarily representative of any particular Clarion Partners fund or portfolio. It should not be assumed that any of these properties are or will prove to be profitable. Please view other important disclosures on this website here.

* Clarion Partners is a financial sponsor of the NAIOP Inland Empire chapter. ​

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Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

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Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future.


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