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8/09/16
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Duke Realty has announced plans to build a new 201k sf warehouse in Lynwood. The planned facility is located at 11600 Alameda St, adjacent to an existing 323.4k sf building they already own.
The site fronts the 105 Freeway and is located three miles from both the 710 and 110 Freeways, providing direct access to LAX and the Ports of Los Angeles and Long Beach, which are approximately 12 miles to the south.
Construction of 11600 Alameda Street will begin this month with completion scheduled in early March 2017. The building will feature 32' clear height, 54' x 50' bay spacing, 34 dock doors, a 180’ concrete yard with the ability to store an additional 39 trailers, and LED light fixtures. The building also is being designed and built for LEED® certification.
“Available space in the South Bay submarket is extremely limited, with few new buildings being developed due to land constraints,” said Chris Burns, Senior Vice President of Duke Realty’s California operations. “We were fortunate enough to acquire this 8.67-acre site last year and are ready to start construction. With the delivery of this building, we will be able to offer potential customers a move-in ready, state-of-the-art logistics facility with excellent freeway access and proximity to LAX and the Ports. Our adjacent building also provides us with the opportunity to offer a campus layout to companies with greater space needs.”
Duke Realty, a national REIT, entered the Southern California market in 2011 and has steadily grown its portfolio to more than 4.3 msf through acquisitions and development. Currently, the company’s market portfolio is 100 percent leased with three projects under construction including a 1.2 msf build-to-suit in Perris and a 400.9k sf, cross-docked speculative project in Moreno Valley.
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