Press Release

PACIFIC INDUSTRIAL BREAKS GROUND ON 425,000 SF INDUSTRIAL CAMPUS IN LONG BEACH, CA

18 6月 2018

$name

 Pacific Industrial, a real estate development and investment firm, broke ground on Pacific Edge, a 425,000 square-foot industrial campus in Long Beach, CA.

CBRE’s John Schumacher and Bret Quinlan are leading the marketing for the Pacific Edge project, located at 2300 Redondo Avenue.

Pacific Edge will include three state-of-the-art industrial buildings ranging from 100,000 – 200,000 square feet. The project will feature modern and enhanced architecture, high-image corporate offices and high parking counts to accommodate a wide variety of users. The site is scheduled to be completed in spring of 2019.

“Understanding the current and future needs of our customers is critical,” said Neil Mishurda, co-founder of Long Beach-based Pacific Industrial. “As consumer habits evolve and user dynamics shift, we are dedicated to designing projects that will not only provide best-in-class features today but will remain relevant throughout many business cycles. Whether it be a surplus of employee parking, above standard EV charging station counts, or impressive glass tower lobby entrances, we are providing forward-looking features that are rare in industrial projects.”

Situated on 20-acres at the corner of Redondo Avenue and Burnett Street in Long Beach just south of the 405 Freeway, Pacific Edge is strategically located less than 1 mile from the Long Beach Airport and less than 5 miles from the Ports of Long Beach and Los Angeles. Benefitting from a robust transportation infrastructure system, the project will serve both Los Angeles and Orange counties.  

“The project is already attracting the interest of major users,” said Schumacher. “Pacific Industrial’s overarching design coupled with this irreplaceable location makes it stand out from the rest of the market. The project is destined to set a new standard in industrial product.”

Demand for Class-A industrial product in the Greater Los Angeles region is higher than ever. Industrial users have been clamoring for any and all industrial space available. As a result, positive net absorption in the first quarter increased from the previous three months and year over year, according to the latest research by CBRE. Especially demand for new construction, particularly in proximity to major population centers, according to a new report from CBRE.

Since its inception in 2012, Pacific Industrial has been one of the most active privately held industrial development and investment firms in Southern California. Pacific Industrial is currently developing several million square feet of industrial space and has closed more than $800 million of transactions since 2012. 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.