SoCal Industrial Comes Back Everywhere
Newport Beach-based REDA principal Jason Krotts says his company’s poised to take advantage of the comeback in SoCal industrial, with more than 3M SF in development projects in the pipeline, including 500k SF of spec space it just broke ground on with JV partner Irvine-based Bascom Group (Jason’s on the right, with Bascom Group managing principal Jerry Fink). The two spec developments are the 141k SF Malt Avenue Distribution Center in City of Commerce and the 358k SF Hemlock Distribution Center in Fontana. SoCal industrial hasn’t just come back in a few select markets, Jason explains, it’s come back everywhere there’s a significant industrial concentration in OC, IE, and LA County. “The activity level in Southern California continues to lead the nation,” he says.
