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1/07/19
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Global industrial REIT Prologis has begun construction on two Class A industrial facilities in Vernon totaling over 346k sf of space. The buildings, which are anticipated to be completed in the fall of 2019, are located at 5215 S. Boyle Ave and provide easy access to major freeways, downtown Los Angeles, L.A.X., and the Ports of Los Angeles and Long Beach.
Dubbed Prologis Vernon Business Center 1 and 2, the facilities are 114k sf and 232k sf respectively and will each feature more than 10k sf of corporate office build out, 36’ clearance, E.S.F.R. sprinklers, concrete truck courts, and 2.5 percent skylights. As with all Prologis developments, the buildings will be built to meet or exceed the latest sustainable development standards. Business Center 1 will include 20 dock-high positions, 13 trailer stalls, and 111 car parking spaces, while Business Center 2 will include 38 dock-high positions, 54 truck stalls, and 184 car parking spaces.
John McMillan, Jeff Sanita, Danny Williams and Greg Stumm with Newmark Knight Frank are handling leasing for the project. McMillan noted that despite construction just starting, there is already a significant amount of interest in the project from potential occupiers seeking a large block of modern industrial space in central L.A. County.
“Vernon, a 56 msf industrial city, is located in the heart of L.A. County and its roughly 10 million residents. New construction is extremely rare in this area as land is very hard to come by. Additionally, Vernon is one of the lowest cost cities in the county to do business in for industrial occupiers,” said McMillan. “All of this bodes well for attracting a wide variety of occupiers for this project, and especially e-commerce companies hunting for “Last Mile” locations.”
“These state-of-the-art buildings will be leaders in this submarket due to their modern construction,” notes Prologis vice president and leasing officer Lisa Reddy. “This development will boast 36-foot clear height, wide joint warehouse floor slabs, drive-around capability, deep truck courts, off-dock trailer storage and LED lighting, to name a few building features. We look forward to construction being underway and to ultimately securing great customers to lease the buildings.”
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