X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

TORRANCE, CA-With Port of Los Angeles traffic estimated to triple, in light of the devastation of fellow port city New Orleans, there is a great need to expand the base of modern industrial facilities to fill requirements of third party logistics companies. San Francisco-based AMB Property Corp. is among the developers intent on filling those space needs.The firm has undertaken work on a $29-million project in Los Angeles’ South Bay area. As part of the project, the firm will demolish part of an existing 250,000-sf building in Torrance. The property is located on 18 acres at 1000 W. Francisco St. and will be a 298,000-sf modern logistics facility. It will be completed during the first quarter of 2006.Known as the AMB Layline Distribution Center, the property is part of a growing industrial portfolio owned by AMB. “We have been expanding our platform locally and have more than three million sf in our development pipeline in the Los Angeles area alone,” says Kim B. Snyder, AMB’s senior vice president, development west.Whittier-based Oltmans Construction Co. is helping reposition the property. Part of the repositioning includes development of a new 48,000-sf building. The property will include 52 new dock-high truck positions, a 32-foot clear height, a 133-foot deep concrete truck court, and more than 220 trailer parking spaces, among other amenities, according to Charlie Roy, vice president of Oltmans who oversees the company’s special projects division.”With the lack of vacant buildable land in Los Angeles, Orange and Ventura counties, many investors/developers have been repositioning and upgrading older buildings to better serve the needs of modern warehousing and distribution users,” Roy says.The marketing team on the project includes Jim Biondi, Terry Reitz, Gerald Kim, Frank Hillebrand and John Lasiter, all of Grubb & Ellis.

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?

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.