(To read more on the industrial market, click here.)
COSTA MESA, CA-Guthrie Development Co. has acquired a 52,825-sfproperty to develop into industrial condominiums for sale or leasein a project called Guthrie Rancho Way Business Park, the company'ssecond recently announced industrial condo project. The firm plansto place a condominium map on the project and to redevelop theproperty, which is at 19500-19520 Rancho Way in L.A., into 22 unitsranging in size from 1,824 sf to 30,045 sf.
According to Robert Guthrie, president of the developmentcompany, the project is slated for completion in August 2008. Thedevelopment site is close to the interchange of the 710 and 405freeways as well as the Port of Long Beach.
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