Tuesday, 18 April 2017
Goodman Group (Goodman or Group), one of the world’s largest industrial property groups, with a global network spanning 16 countries and over $25 billion (A$33 billion) of assets under management, today announced it has preleased 295,267 square feet of infill logistics space to an ecommerce customer at Goodman Logistics Center Santa Fe Springs, California.
Goodman has secured a seven year lease from an online supplier of automotive parts on the first of three logistics facilities currently under construction at the Goodman Logistics Center Santa Fe Springs. Spanning 53 acres, the three building logistics campus is strategically positioned within Los Angeles’ infill logistics market, located less than two miles from the I-5 and I-605. It is also 22 miles from the Port of Los Angeles Long Beach and 15 miles from Downtown Los Angeles. The customer is scheduled to take occupancy in the summer of 2017.
Two additional logistics facilities are currently available for lease and provide flexible and sustainable design options for customers requiring space ranging in size from 165,000 to 910,098 square feet. These facilities will be completed in Q4, 2017.
Anthony Rozic, CEO of Goodman North America said: “As online purchasing volumes increase, our customers want and need to be closer to their own customers and are focusing on last mile delivery. The Goodman Logistics Center in Santa Fe Springs is a high quality, Class A property, ideally suited to ecommerce providers and general logistics companies due to its location in the gateway city of Los Angeles – home to a growing population of 18 million people.
This property is a clear demonstration of Goodman’s Gateway City strategy, focused on investing in and developing high quality industrial properties in strategic locations, in and around major gateway cities globally.”
Thaddeus McCormack, City Manager at the City of Santa Fe Springs welcomed the latest development from Goodman. “The City is excited to see the site developed into a positive contributor to the local economy. We applaud Goodman for its partnership with the City and for its diligence and persistence in bringing this complex project to fruition."
For further information, please contact:
Goodman North America