Goodman buys 65 acres in Los Angeles

Goodman buys 65 acres in Los Angeles

Goodman Group, the global owner, developer and manager of industrial property with approximately $33 billion of assets under management, has acquired a 65-acre manufacturing and distribution center in Fullerton, California and will be redeveloping the site into a modern logistics campus.

”Businesses wanting to grow their footprint in Orange County will have the rare opportunity to enhance their supply chain with a purpose-built facility developed by Goodman Group,” said in a statement.

Renamed the Goodman Logistics Center Fullerton, this project supports construction of up to 1.5 million square feet of new space. The new facility will represent almost half of the 3.2 million square feet of logistics space currently available for lease in the entire infill Los Angeles market. The site has the potential to generate hundreds or thousands of new jobs for the City of Fullerton.

”Customers can choose to lease space ranging from 170,000 to 1.5 million square feet set across a four-building campus configuration or develop their own built-to-suit facility to support their specific requirements,” said in the statement.

The new construction, ready for occupation in late 2021, will offer customers access to a premium location including features such as potential for cargo/commuter rail service, significant paved trailer parking and cross dock functionality with multiple points of ingress/egress.

READ ALSO : Goodman buys two of the largest industrial estates in Los Angeles

“With the evolution of our customers’ supply chains continuing and increasing consumer expectations for faster delivery, it is important that we continue to source and offer high-quality logistics sites for our customers. These sites provide our customers with the opportunity to be more efficient and agile and keep up with the changing retail and e-commerce landscape. This acquisition provides maximum flexibility for our customers to create a unique logistics campus tailored to their needs with capability to increase their supply chain efficiency,” said Anthony Rozic, CEO of Goodman North America.

With the acquisition of this site, Goodman has purchased close to 200 acres in the Greater Los Angeles market within the last three months.