Largest New Business Park in Los Angeles County; 265-Acre Industrial Park Launched in Santa Fe Springs.SANTA FE SPRINGS Santa Fe Springs, city (1990 pop. 15,520), Los Angeles co., SW Calif., inc. 1957. The city lies in an oil and natural gas region and has diversified manufacturing. , Calif.--(BUSINESS WIRE)--Oct. 15, 1997--Golden Springs Development Co. broke ground Wednesday in the city of Santa Fe Springs for a master planned, 265-acre industrial park that is reportedly the largest new project of its kind in 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. County. Earlier, the developers obtained full entitlements from the city for the project. Development officials and Santa Fe Springs civic leaders joined to signal the start of site development for what will also be the largest project in Santa Fe Springs history, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mayor Ronald S. Kernes. Kernes said, "The project has both local and regional significance and will result in hundreds of jobs, increased revenue and an improved environment for the community." Centrally located between Los Angeles and Orange counties at Carmenita Rd. and Imperial Highway, the new business park will ultimately comprise over five million square feet of warehouse, manufacturing, and retail support space, according to The Seeley Co., which has been named exclusive marketing agent for the development. The location will accommodate up to one million square feet in a single facility and features direct access via Carmenita Rd. and Imperial Highway to the Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. (5), Century (105), Riverside (91), and San Gabriel River San Gabriel River is the name of watercourses in two states:
Building construction is scheduled to begin in the first quarter of 1998, with the first new building of approximately 250,000 square feet to be completed by the third quarter, 1998. According to Seeley officials, there are multiple build-to-suit opportunities on the site for firms to have a building constructed to their exact specifications. The project is entitled for construction of buildings from 20,000 square feet to one million square feet in a single facility. All inventory buildings will be constructed with high interior ceilings, state-of-the-art sprinkler systems, and large truck loading areas. Rail service is available on site. Golden Springs Development Co. is owned by members of the family which owns Thrifty thrifty said of livestock that put on body weight or produce in other ways with a minimum of feed. The opposite of illthrift. Oil Co. Thrifty was established in 1960, and in 1996, was listed by the Los Angeles Business Journal as the seventh largest privately-held company based in Los Angeles County. Recently, Thrifty consummated the long-term lease of 260 service stations to Arco. Golden Springs Development Co. intends to develop the Santa Fe Springs project and retain ownership as a long-term asset Long-term assets or noncurrent assets are those assets usually in service over one year such as lands and buildings, plants and equipment, and long-term investments. These often receive favorable tax treatment over current assets. . Hill Pinckert Architects of Irvine, Calif., is project architect. Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Co. has been retained as a development consultant. CONTACT: The Seeley Co. Steve Calhoun, 213/726-1200 or Ansoorian and Associates Art Ansoorian, 818/881-1183 |
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