Overton Moore Properties Starts Construction On Simi Valley, Calif. Industrial Project
09/09/2016
According to company officials, the four-building project, which is available immediately for sale, totals approximately 141,000 square feet, and can accommodate companies looking for space ranging between 30,000 to 42,000 square feet.
OMP acquired the Simi Valley property from Coca Cola Company in October 2015. Both parties were represented by Bennett Robinson of CBRE. The architect for the project is HPA and General Contractor Millie & Severson.
The buildings, with majestic views of Simi Valley, feature modern design aesthetic with mature landscaping, 26-28' clear heights, 120' minimum truck courts and ESFR sprinkler systems. Construction is scheduled for completion in April 2017.
"Initial interest has been strong, and we believe the project will be well received by the brokerage and user community," said Timur Tecimer, OMP's Chief Executive Officer.
The Point is located two blocks south of the Simi Valley Freeway I-118 and approximately 10 minutes from the San Fernando Valley. The development sits on one of the last remaining parcels within the 87-acre master-planned project, officials noted. Simi Valley is a business-friendly community and generally provides a lower-cost environment than the neighboring San Fernando Valley, according to Bennett Robinson, Executive Vice President at CBRE.
"Entrepreneurs are looking to locate their enterprises in state-of-the-art buildings in pro-business environments," said Bennett Robinson, the listing broker on the assignment who will be handling the sale and leasing of the project. "Demand for high-quality industrial space in the Greater Los Angeles area has been on the rise."
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024