CERRITOS, CA-Transpacific Development Co. has started construction of a $30-million, 165,000-sf speculative office building in a mixed-use development at the 91 Freeway and Bloomfield Avenue in this southeastern LA County suburb.

The eight-story building will be the sixth by the Torrance-based firm at the Cerritos Towne Center, which combines offices, shopping and a Sheraton hotel. The five existing buildings total 462,000 sf.

The building should be completed by next autumn, says Alan J. Pyenson, Transpacific’s project manager.

Leasing brokers Rick Warner and Mark Friend of the Anaheim office of CB Richard Ellis say the office vacancy rate in Cerritos—under 7%–shows a demand for more office space.

Archisystems International of Santa Monica is the architect. The contractor is Los Alamitos-based Millie & Severson.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.