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New supply is coming to the notoriously tight North Orange County industrial market. Panattoni Development Co. is developing a four-building, 232,000-square-foot industrial project on the boarder of Anaheim and Placentia, an industrial market with a near 1% vacancy rate. This is a rare site in Orange County, and the project could accommodate four tenants ranging in size from 47,813 square feet to 69,882 square feet. As a result of the strong demand, the developer expects early and rapid lease-up.

“Industrial development is a challenge in Orange County due to the lack of land availability,” Chris Migliori, EVP at Daum Commercial who brokered the land sale and will serve as the exclusive leasing agent at the property. “The few remaining sites that do become available are often developed into other uses, such as residential. Through taking advantage of the rare opportunity to acquire a 10-acre land parcel, Panattoni is now able to strategically deliver four industrial buildings between 40,000 and 70,000 square feet, the size range posting the lowest vacancies.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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