Huge San Pedro Deal.A massive industrial lease transaction in the South Bay, possibly that market's largest ever, has been signed at the first phase of Overton Moore Moore, city (1990 pop. 40,761), Cleveland co., central Okla., a suburb of Oklahoma City; inc. 1887. Its manufactures include lightning- and surge-protection equipment, packaging for foods, and auto parts. Properties' new $90 million Port 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. Distribution Center. Logistics and transportation companies Performance Team Freight Systems and Gale Triangle, both subsidiaries of Triangle Network, will move into the project's first two buildings and occupy a total of 547,000 square-feet by January, said Don Koch Koch , Robert 1843-1910. German bacteriologist who discovered the cholera bacillus and the bacterial cause of anthrax. He won a 1905 Nobel Prize for developing tuberculin. Koch named after Robert Koch, a German bacteriologist. , vice president of marketing for Overton Moore, which is developing the project in partnership with Pacific Coast Capital Partners. The 11-year lease is valued at $36 million. "Port-oriented properties are in very, very short supply," Koch said. "This is a once-in-a-lifetime opportunity to get a property of this size in proximity to the port." The logistics and transportation companies wanted facilities near the port and the freeway that would enable them to move goods quickly, company officials said. The firms handle distribution for retailers and for the garment industry. Company officials are already familiar with Overton Moore because they occupy space at the 1.4 million-square-foot Dominguez Hills Industrial Park in Compton. Overton Moore built that project in the 1980s and continues to manage it after selling the park to Bristol Industrial Group in 1999. The buildings in San Pedro are located at 300 and 400 Westmont Drive. The project is being positioned toward larger tenants seeking 200,000 square feet or more, Koch said. The second phase of the four-building project, which will bring the project's total size to 1.9 million square feet, will break ground around the first of the year. Tres Reid, Ken Carey, and Greg Dyer Gregory Charles Dyer (born March 16, 1959, Parramatta, New South Wales) is a former New South Wales and Australia cricketer who played in 6 Tests and 23 ODIs from 1986 to 1988. He was a wicketkeeper. of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. represented both parties in the transaction. Overton Moore was brought in to develop the San Pedro facility by Pacific Coast Capital Partners, Koch said. The 88-acre property most recently has been used for oil product storage by Amerigas Propane Inc. It sits adjacent to the Tosco oil refinery. The partnership has been very busy. Together Overton Moore and Pacific Coast Capital Partners also are building the 170,000-square-foot Cross 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.] office project near LAX and the 216,000-square-foot Douglas Technology Center in El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and . |
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