Businesses wanting to grow their footprint in Orange County will have the rare opportunity to enhance their supply chain with a purpose-built facility developed by Goodman Group. The global owner, developer and manager of industrial property and business space, has acquired a 65-acre manufacturing and distribution center in Fullerton, California and will be redeveloping the site into a modern logistics campus. Renamed the Goodman Logistics Center Fullerton, this project supports construction of up to 1.5 million square feet of new space. The new facility will represent almost half of the 3.2 million square feet of logistics space currently available for lease in the entire infill Los Angeles market.¹The site has the potential to generate hundreds or thousands of new jobs for the City of Fullerton.
The new Goodman Logistics Center Fullerton is strategically located in North Orange County, a tightly held, low-vacancy, infill logistics market and is ideal for customers looking to improve last mile transit times. Customers can choose to lease space ranging from 170,000 to 1.5 million square feet set across a four-building campus configuration or develop their own built-to-suit facility to support their specific requirements. The new construction, ready for occupation in late 2021, offers customers access to a premium location including features such as potential for cargo/commuter rail service, significant paved trailer parking and cross dock functionality with multiple points of ingress/egress.
Goodman continues to acquire high-quality sites in Los Angeles servicing growing customer demand. These strategically located facilities support improvements in customer supply chain efficiency and provide access to new development opportunities in a competitive market with less than one percent vacancy rate.
Anthony Rozic, CEO of Goodman North America said: "With the evolution of our customers' supply chains continuing and increasing consumer expectations for faster delivery, it is important that we continue to source and offer high-quality logistics sites for our customers. These sites provide our customers with the opportunity to be more efficient and agile and keep up with the changing retail and e-commerce landscape. This acquisition provides maximum flexibility for our customers to create a unique logistics campus tailored to their needs with capability to increase their supply chain efficiency."
Strategically located to optimize delivery speeds, Goodman Logistics Center Fullerton benefits from its close proximity to the Los Angeles and Long Beach Ports, key freeway infrastructure including the 91, 57, 5, 605 and 710 freeways, and 26 UPS, FedEx and OnTrac shipping hubs and connecting to a large affluent consumer population of 18 million.
With the acquisition of this site, Goodman has successfully purchased close to 200 acres in the Greater Los Angeles market within the last three months. Goodman continues to build on its global gateway city strategy to better serve customers with urban logistics sites close to consumers.
Additional leasing opportunities in the area currently include Goodman Logistics Center El Monte located 24 miles from the Port of Long Beach. The 935,657 square-foot space offers 36-foot clear height, minimum 185-foot concrete truck courts and 164 trailer stalls, creating a superior site for access and maneuvering space. Learn more about the property here.
Glenn Dyke, Darla Longo and Barbara Emmons from CBRE represented the seller to complete the transaction and Sean Ward and Ben Seybold from CBRE were instrumental in the transaction of the former distribution center.
Goodman Group is one of the world's largest industrial property groups, with a global network spanning 17 countries and approximately $33 billion of assets under management. With a $2.7 billion development pipeline in the U.S. For more information about Goodman North America, please visit us.goodman.com or follow Goodman Group on Twitter and LinkedIn.
More Info: https://us.goodman.com/who-we-are/media-center/latest-news/11-19-19-goodman-acquires-an-additional-65-acres-in-los-angeles
