Tenants Fill 3rd Phase in Ontario

Developers of the 2-million-square-foot, $66.5-million Thoroughbred Business Park near Ontario International Airport have entirely leased the industrial development’s 653,759-square-foot third phase to six tenants. The park’s developers--Master Development Corp. and Old English Rancho--say the combined value of the lease transactions at the final phase is just over $16.4 million.

Thoroughbred’s largest new tenants include Genera Corp., which leased 163,105 square feet for 10 years in a $6.2-million deal; USFreightways Corp.’s USF Logistics, which leased 187,719 square feet ($3.54 million over five years); and Westside Packaging, which leased 118,484 square feet ($2.52 million over six years).