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Orange County Office Building Demolished to Make Way for 163,000-SF Logistics Facility

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New development is emblematic of demand of quality industrial real estate assets against a backdrop of a further weakening post-pandemic office market

LOS ANGELES - eTradeWire -- Kearny Real Estate Company ("Kearny") has started demolition of two office buildings at 3100 and 3130 S. Harbor Boulevard in Santa Ana, CA to enable the development of Harbor Logistics Center, a 163,000-square-foot Class A warehouse and distribution complex.

Kearny, which has developed and managed more than 12.5 million square feet of industrial product in Southern California, expects to complete the project and deliver Harbor Logistics Center to market by the end of 2024.  When completed, the state-of-the-art logistics facility will feature 36' clear heights, 17 dock-high doors, ESFR sprinklers and ample truck parking as well as sustainable features including rooftop solar panels and tenant parking stalls with EV charging. The facility will also have potential for additional trailer storage behind the truck court. The 7,000 square-feet of built out office space could be expanded if requested.

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With access to US Interstate 405, US Interstate 5, and California State Highway 55, Harbor Logistics Center will be able to accommodate distribution to approximately 20 million people living and working within the combined statistical area of Orange County, Los Angeles County, San Diego County and the Inland Empire. It is also served by the Ports of Los Angeles and Long Beach, and three international airports: John Wayne; Los Angeles and Los Beach, providing a future tenant with domestic and global distribution options.

While the 66 million-square-foot Airport submarket boasts a vacancy rate of 1.8%, inventory is comprised largely of small older buildings with an average size of 34,749-square feet, according to a report by CBRE.

"The intermodal characteristics of the Airport industrial submarket makes it one of the most attractive in Orange County," said Kearny Assistant Vice President Dan Broder.  "However, due to the limited amount of land in which to develop, the market lacks modern product that today's logistics operators need to efficiently move goods throughout the region."

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Ampco North, Inc. is overseeing the demolition.   Millie and Severson is the licensed General Contractor overseeing construction. Kearny has engaged Ben Seybold, Sean Ward and Keith Greer of CBRE as leasing agents.

To view video of demolition, click here: https://vimeo.com/915374314?share=copy

About Kearny Real Estate Company.

Kearny Real Estate Company (www.kearny.com) is a vertically integrated operating company specializing in the acquisition, development, asset management and property management of office, industrial and land assets in Southern California. It currently has $1.9 billion AUM.

Bruce Beck
DB&R Marketing Communications, Inc.

Source: Kearny Real Estate Company

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