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Goodman Group Leases Logistics Space in Santa Fe Springs, California

04/02/2018
Goodman Group, one of the world's largest industrial property groups, with over $27 billion of assets under management, leased 915,098 square feet of infill logistics space at Goodman Logistics Center Santa Fe Springs, California.

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, company officials said.It is also 22 miles from the Port of Los Angeles Long Beach and 15 miles from Downtown Los Angeles.

According to company officials, driven by the growth in e-commerce and high demand for quality properties close to large urban centers, Goodman has secured long term leases with Fashion Nova, a top online fashion store for 408,635 s.f., RIM Logistics, a global provider of logistics solutions for 312,447 s.f. and Funai Corporation, a leading edge consumer electronics company for 194,016 s.f. These leases mean that Goodman's development is now 100% leased, having pre-leased 295,267 s.f. to McMaster Carr, an online supplier of automotive parts in 2017.

All customers will take occupancy at Goodman Logistics Center Santa Fe Springs in spring of 2018.

Anthony Rozic, CEO of Goodman North America said, "Strong leasing enquiry for our logistics centers is being driven by a high level of demand from rising global consumerism and the rapidly expanding e-commerce sector which grew total sales by 17% in 2017.”

“ The Goodman Logistics Center in Santa Fe Springs is a high quality, Class A property, ideally suited to e-commerce 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,” he added. “This logistics center 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 urban centers globally."

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