COMMERCE POINTE WILL GO INDUSTRIAL.Byline: Patricia Farrell Aidem Staff Writer VALENCIA - PacTen Partners, building an office complex in Valencia, has switched its focus to industrial development after the original project got off to a lukewarm luke·warm adj. 1. Mildly warm; tepid. 2. Lacking conviction or enthusiasm; indifferent: gave only lukewarm support to the incumbent candidate. start, a company official said Wednesday. With two office buildings already built, the partnership now plans to begin construction this month on eight of 13 buildings that will be leased for manufacturing, research and development and warehouse and distribution operations. Plans now call for development of the 540,000-square-foot Commerce Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] within The Newhall Land and Farming Company's Valencia Gateway business park. Mike Haviland, Santa Clarita's economic development manager, welcomed the idea of new industrial development although it is just outside city limits, but said providing electricity for an increased industrial base won't be easy. ``We don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. if we'll have enough energy to keep the lights on,'' Haviland said. ``This is not a good situation we're in. This isn't what an economic development manager wants. It's a challenge.'' PacTen's Bruce Beck Bruce Beck is in his tenth year with WNBC. He is the weekend sports anchor for Newschannel 4. He also files numerous sports reports for the station's various weekday newscasts. said the power crisis is a concern, but the development company is looking at the long term, and the demand for industrial space in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . ``The market is strong and there's a lot of confidence, but it's true,'' Beck said. ``Anybody who is going to move into an area served by (Southern California) Edison is going to be concerned. But you can't stop in your tracks; you have to look for solutions as you move forward.'' Beck points to studies that show a lack of industrial space in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area and a demand for new manufacturing. The vacancy rate in Valencia's industrial complex is just 5 percent. The first phase of the PacTen project will total 234,000 square feet, and the five-building 306,000-square-foot second phase will break ground in January. Six of the buildings in the first phase will be offered for sale and the two remaining will be available for lease. CB Commercial real estate in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. is handling sales and leasing. CAPTION(S): map Map: Valencia Commerce Pointe |
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