Burke Plans 16-Building Business Center

Wayne Lambert of Colliers Seeley's Anaheim office, who is the listing agent for the new project, says the "for sale" or "for lease" buildings will range from approximately 3,500 sf to 8,500 sf. Lambert represented both Burke and the seller, KV Properties of Ventura, in Burke's recent acquisition of the land for the development, which will be at the intersection of Knott Avenue and Patterson Drive.

Scott Meserve of Burke, project manager for the new development, tells GlobeSt.com that the buildings will be primarily industrial, but will include 15% to 50% office space, some of it ground-floor office space and some of it mezzanine. The addresses of the buildings will run from 11330 to 11458 Knott St.

Meserve tells GlobeSt.com that Burke expects the majority of the buyers of the buildings will be owner-users. However, some may be acquired by investors who plan to lease them and then sell them later as leased investments. Brokers throughout Southern California say that owner-user sales and leased investments are among the hottest properties in Southland commercial real estate today.

Burke plans to begin building immediately, according to Lambert, who says the anticipated date of completion for the development is January 2004. The architect for the project is William Skinner of Costa Mesa, with Orange County-based Miller Contracting as the general contractor.

Burke Real Estate Group is a 30-year-old developer and manager of properties in Southern California and Texas that develops approximately $100 million in projects annually and an active investment buyer and a manager of about 3.5 million sf of its own holdings. The company specializes in facilities for small and medium-size businesses, having developed more than six million sf of industrial and commercial space throughout Southern California.