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6/20/18
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Pacific Industrial has broken ground on Pacific Edge, a 425k sf industrial campus in Long Beach. The project, located at 2300 Redondo Ave, will include three state-of-the-art industrial buildings ranging from 100k sf – 200k sf.
Pacific Edge will feature modern and enhanced architecture, high-image corporate offices and high parking counts to accommodate a wide variety of users. The site is scheduled to be completed in spring of 2019.
Situated on 20-acres at the corner of Redondo Ave and Burnett St, just south of the 405 Fwy, Pacific Edge is strategically located less than one mile from the Long Beach Airport and less than five miles from the Ports of Long Beach and Los Angeles. Benefitting from a robust transportation infrastructure system, the project will serve both Los Angeles and Orange counties.
“Understanding the current and future needs of our customers is critical,” said Neil Mishurda, co-founder of Long Beach-based Pacific Industrial. “As consumer habits evolve and user dynamics shift, we are dedicated to designing projects that will not only provide best-in-class features today but will remain relevant throughout many business cycles. Whether it be a surplus of employee parking, above standard EV charging station counts, or impressive glass tower lobby entrances, we are providing forward-looking features that are rare in industrial projects.”
CBRE’s John Schumacher and Bret Quinlan are leading the marketing for Pacific Edge. According to Schumacher, the project is already attracting the interest of major users.
Demand for Class A industrial product in the Greater Los Angeles region is higher than ever. Industrial users have been clamoring for any and all industrial space available. As a result, positive net absorption in the first quarter increased from the previous three months and year over year, according to the latest research by CBRE. Especially demand for new construction, particularly in proximity to major population centers, according to a new report from CBRE.
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