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May 21, 2018
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Sares Regis Group Underway with 390k sf of New Buildings at Douglas Park in Long Beach

1/23/18

Sares Regis Group (SRG) is set to break ground on four corporate HQ buildings totaling 390k sf at Douglas Park, next to Long Beach Airport in Long Beach. Scheduled for late 2018 completion, the buildings represent SRG’s last development and the build-out of the master-planned business park.

The new buildings, situated on 20 acres at Carson St and Worsham Ave, will range from 75k sf to 135k sf in size. Each building will include two-story executive office space, 3-percent skylights, secure concrete truck courts, dock-high and grade-level loading, LED lighting on sensors and 30- and 32-foot clear heights.

“In 2011 and 2012 when we bought the land – 194 acres, which is what remained of the 220 acres previously master-planned by Boeing Realty Corp – we sought to work closely with city planners to create a top-flight business environment with hotel and meeting rooms, restaurants, shops and headquarters buildings. A steady economic recovery and strong demand for commercial space in the South Bay market helped us complete that vision,” said Larry Lukanish, Senior Vice President of SRG Commercial Development.

The project is adjacent to the 26-acre Long Beach Exchange, a dynamic, experiential retail and dining destination that includes The Hangar, a showcase for local purveyors of art, food, design and fashion in a 16.8k sf hangar. Major tenants of the 260k sf LBX include Whole Foods 365, Nordstrom Rack, TJ Maxx, Orchard Supply Hardware and PetSmart. SRG’s buildings also are steps from the just-completed 240-room Hampton Inn and Homewood Suites and recently renovated municipal Skylinks Golf Course.

Buildings in the 20-acre project were designed by DeRevere & Associates, the same architects that delivered SRG’s previous Douglas Park speculative projects. The first development, Pacific Pointe, a seven-building, 677k sf collection, sold out in one year and was judged best industrial project of 2015 by the Los Angeles Business Journal.

SRG is represented by CBRE brokers Brian DeRevere, John Schumacher and J.B. Green, who also are marketing the final 140k sf, Class A headquarters building in SRG’s Pacific Pointe East.

Long Beach Airport has been transformed by Douglas Park’s 4.1 msf of new commercial space into a “dynamic business center that includes the largest collection of LEED-rated commercial buildings in Southern California,” Lukanish said.

SRG has built and renovated approximately 3 msf of Class A industrial buildings at Douglas Park, including refitting two massive hangars used by Douglas Aircraft to build 15,000 B-17s and DC-3s during World War II. Totaling 1.1 msf, the hangars on 50 acres were leased for 15 years by Mercedes-Benz as its west coast hub.





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