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12/09/16
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Seventh Street Development has broken ground on Alderson Business Park, a 10-acre, 195.1k sf industrial development in Irwindale. The project is one of only two speculative industrial developments in Irwindale in the last 10 years.
Alderson Business Park site is located on Alderson Ave and Los Angeles St, immediately adjacent to American Veterans (AMVETS) Post 113 Headquarters and Event Center, a 600-member post that has been operating for 57 years. AMVETS had been leasing their 2.33-acre property from the City of Irwindale Redevelopment Agency (RDA). When the State of California required the RDA to sell all of its properties and AMVETS was in danger of losing their lease, an entity controlled by Seventh Street Development made a donation of $2.5 mil to the AMVETS California Charities which ultimately allowed Post 113 to purchase their headquarters facility.
The state-of-the-art industrial complex featuring Mission-style architecture will be comprised of five freestanding buildings that range from 28.4k sf to 49.4k sf and is scheduled for completion in June 2017, with spaces available for lease. Each building will feature 5.6k sf of two-story executive office, large fenced private yards, 26-foot minimum clear height, dock-high and grade level loading, ESFR sprinkler systems, and ample parking. The project is optimally situated on the Irwindale/Baldwin Park border within close proximity to the Baldwin Park Metrolink Station/Bus Center and the I-605, I-10, and I-210 Freeways.
“There are very few speculative industrial developments for smaller, freestanding spaces which makes Alderson Business Park a unique project,” said Ty Newland, Senior Director in Cushman & Wakefield’s Ontario office who is handling the leasing of the project. “With vacancy at a historic low of 0.9% in the San Gabriel Valley, this property should draw a lot of interest from users in the marketplace, especially considering Alderson’s new construction, large private yards, and ample office build-outs.”
Seventh Street Development has been the most active industrial developer in the San Gabriel Valley in recent years, having completed projects such as the 85k sf Speedway Business Park (a previous speculative industrial development in Irwindale), the 650ksf Huy Fong Foods headquarters and manufacturing plant (the largest single building ever built in Irwindale), and the four-phase 2 msf Mission 71 Business Park in Pomona.
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