We have a track record of numerous successful projects, including:
Pomona, California
Mission-71 Business Park is a 56-acre industrial project located near the intersection of the 71 Corona Expressway and Mission Boulevard. The site, which benefits from over 1,500 linear feet of freeway frontage, was formerly owned by the United State Government and occupied by General Dynamics as a manufacturing facility. Seventh Street is developing 460,000 square feet in fourteen new industrial buildings in two phases. The buildings will range in size from 16,000 to 120,000 square feet and are being constructed speculatively. Both phases are currently being marketed for-sale or for-lease, with the first phase scheduled for completion in October 2007 and the second phase scheduled for completion in 4th - quarter 2008. www.cbre.com/mission-71
San Bernardino, California
Waterman Business Center is a 10-acre ground-up industrial development project located on the east side of Waterman Avenue, just south of the 10 Freeway in San Bernardino. Seventh Street is developing 191,000 square feet of office and industrial space in twelve buildings. Ten of the buildings are freestanding industrial buildings ranging from 9,500 to 29,000 square feet. Two of the buildings offer office and industrial condominiums from 2,000 to 9,000 square feet. With their attractive stacked stone entries and high-end office finishes, Waterman Business Center will offer the highest quality buildings of its kind in this marketplace. www.thewatermanbusinesscenter.com
Los Angeles, California
The Lanzit Industrial Park is a master-planned, ten building industrial development situated in South Los Angeles near the intersection of the 105 Freeway and Central Avenue. The nine proposed buildings range in size from 9,000 to 46,000 square feet and will offer a total of 170,000 square feet in an attractive, gated environment. The buildings are designed to accommodate food processing and manufacturing businesses. Seventh Street Development was selected by the City of Los Angeles Community Development Department to develop the site after an intensive selection process in 2004.
Irwindale, California
The Speedway Business Park is a 4-acre master-planned industrial park located near the intersection of the 605 and 210 Freeways. The project successfully integrates the City of Irwindale Design Guidelines into an architecturally distinctive mission-style park consisting of four freestanding buildings totaling 85,000 square feet. Seventh Street Development was selected by the City of Irwindale through a competitive selection process to develop this irregular site which is just north of the Irwindale Speedway and adjacent to active mining operations. The buildings were completed near the end of 2006 and the project was sold out in early 2007.
Riverside, California
Seventh Street Development developed the first concrete tilt-up building, a 110,000 square foot industrial building located on a six acre lot, within the Agua Mansa Industrial Center. The building is a state-of-the-art 30 foot clear distribution facility with an ESFR sprinkler system. Seventh Street acquired the property in August 2004 and, after an extensive entitlement process in the County of Riverside and resolution of some complex utility service issues, the building was completed in October 2005. The building was constructed speculatively, but was sold at completion. It is currently occupied by Aramark, a global leader in professional services such as uniforms and food services. Seventh Street’s success with this development spawned numerous other projects within the Agua Mansa Industrial Center.
Hawthorne, California
Formerly Northrop Grumman’s development campus, The Exchange features 1.8 million square feet of retail, office, manufacturing and industrial space. The project’s master plan for the former 105-acre abandoned aerospace campus required a full environmental impact report, numerous public hearings and a close working relationship with the city of Hawthorne, two adjacent cities and the local community. The site also has known groundwater and soil contamination and is under active oversight by California EPA. Furniss and Hinchliffe identified this opportunity and led the team that acquired the property, developed the master plan and procured the entitlements, financing and tenants for the project.
The project features 290,000 square feet of retail space including a Lowe’s Home Improvement retail store that opened in June 2003 and 500,000 square feet of new industrial buildings that were completed in December 2003. Additionally, two major users were procured for approximately 600,000 square feet of existing manufacturing buildings: AT&T, who located its largest data center in the country to The Exchange; and Lithographix, a local printer who will open a 275,000 square-foot printing operation with 400 employees in 2004.
Riverside and San Bernardino, California
Agua Mansa Industrial Park is a 200-acre industrial property consisting of 24 semi-finished lots that accommodate a wide range of industrial and manufacturing uses. The project required a quick close, refinancing of a community facilities district with a tax-exempt bond offering, resolving an endangered species issue, as well as resolving several entitlement and marketing challenges. The refinancing and repositioning of the project were successfully completed in August 2003. Eighty percent of the property was sold or put under contract to users/buyers within one year of the purchase of the property.
Los Angeles, California
The Alameda Trade Center is a 20-acre master-planned, industrial park. Mr. Furniss and Mr. Hinchliffe led a team that served as developer and general contractor for this 600,000 square-foot ground up development. It is located east of downtown Los Angeles within a City of Los Angeles redevelopment area. The Alameda Trade Center consists of 23 buildings ranging in size from 10,000 square feet to 160,000 square feet and was designed to address the unique requirements of importers/exporters, produce wholesalers, and frozen foods distributors. The team carefully crafted CC&R’s and three owner associations to create a highly successful business environment. Not only did all of the buildings sell out within 18 months of the project start, but also at record-high prices for the downtown market.