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4/29/16
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The Brickyard South Bay, a 1 msf, two-building industrial development in Compton, is about to be transformed into a state-art-of-the-art facility by its owner, Clarion Partners, on behalf of a separately managed account. The 58-acre site is a former brick manufacturing facility.
The project’s two Class A, LEED Gold-certified buildings, which each will be about 500k sf, are expected to be completed in the second half of this year. The buildings are located at 1701 N. Central Ave and 1430 N. McKinley Ave, east of the 110 Fwy and north of Rosecrans Ave.
The development will feature a total of 199 dock doors and will have as many as 577 auto parking spaces. The buildings’ 36 foot ceiling height will provide as much as 20 percent more storage capacity when compared with conventional 32-foot-tall industrial buildings.
The project will cater to the ever-increasing need for same-day logistics through its proximity to the second-largest population center in the U.S. Bret Quinlan, John Schumacher, David Stromath and Dean Haney of CBRE are leading the marketing of the complex.
“The need for space by e-commerce companies is ever-increasing,” said Clarion’s Ryan Collins, who oversees Clarion’s industrial portfolio in Southern California. “These companies need same-day delivery fulfillment and reverse logistics capabilities close to major population centers. This demand has made available space in metro areas such as Los Angeles almost impossible to get.”
The site is just south of downtown L.A., east of Los Angeles International Airport and north of the nation’s two biggest ports. Due to its unique position of being almost exactly the geographical center of Los Angeles County, Compton is commonly referred to as the “Hub City.”
The Greater Los Angeles area industrial market has seen record low availability levels while demand is ever-increasing, likely pushing rents up 6 percent by year-end, according to first-quarter research by CBRE Econometric Advisors. The region is going to see some relief from supply constraints as more than 3.8 msf is currently under construction, with the South Bay and San Gabriel Valley accounting for the majority of the total.
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