(To read more on the industrial market, click here.)
HAWTHORNE, CA-Kearny Real Estate Co. has started construction onits 204,000-sf Century Business Center, which will consist of 18buildings ranging from 5,000 sf to 21,000 sf that will be targetedtoward owner-users. The project site is near the intersection ofthe 405 and 105 freeways, immediately south of the HawthorneMunicipal Airport.
A partnership of Kearny Real Estate Co. and Morgan Stanley RealEstate Fund V acquired the site as part of a property that itbought in 2005 for $65 million. The 18 structures in the newdevelopment will include 15 freestanding buildings and sixindustrial condominium units, most with up to 20% office build-outand potential for additional build-out.
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