Pent-Up Demand for Mid-Sized Industrial

ALISO VIEJO, CA—A pent-up demand for mid-sized industrial properties is spurring Shea Properties to build in Southern California. The firm is focusing particularly on Orange County, San Diego and Los Angeles, Jon Marchiorlatti, VP, industrial development and acquisitions for Shea Properties, tells GlobeSt.com.

As GlobeSt.com reported last week, Shea is developing a new industrial property in Huntington Beach and is expanding an existing project in Ontario, CA. The projects, which began construction last month, will add a total of approximately 270,000 square feet to the firm’s portfolio and will be available for occupancy later this year.