In August 2021, Orbis began negotiations for the acquisition of 6.02 acres of land contiguous to their existing Rialto I project. Following the successful purchase, Orbis promptly initiated the entitlements and construction drawing processes for the development of a new industrial facility spanning approximately 112,000 square feet. Over the course of twelve months, these preconstruction activities were meticulously executed, culminating in Q3 2022. Subsequently, in October 2022, Orbis transferred the Purchase and Sale Agreement to another developer before commencing construction.