Alderson Business Park

Alderson Business Park
Irwindale, California
193,000 Square Feet (5 Industrial Buildings)

State-of-the-Art Industrial Park in San Gabriel Valley Breaks Ground
Seventh Street Donates $2.5M to Veterans as Part of Project

LOS ANGELES, CA, December 7, 2016 – Seventh Street Development and Cushman & Wakefield joined officials from the City of Irwindale and the City of Baldwin Park on December 6, 2016 to celebrate the groundbreaking of Alderson Business Park, a 10-acre, 195,130-square-foot industrial development in Irwindale, California. It is one of only two speculative industrial developments in Irwindale in the last 10 years.

The groundbreaking ceremony comes after nearly two years of effort by the City of Irwindale and Seventh Street Development, a privately held real estate development firm that has been a member of the Irwindale Chamber of Commerce for 12 years. Dignitaries presiding over the Tuesday morning ceremony were: Irwindale Mayor Mark Breceda; Irwindale Mayor Pro Tem Albert Ambriz; Irwindale Councilmember Manuel Garcia; Irwindale Councilmember Manuel Ortiz; Irwindale Councilmember Larry Burrola; Baldwin Park Councilmember Cruz Baca; Baldwin Park Councilmember Ricardo Pacheco; Irwindale Planning Commissioner Patricia Gonzales; Irwindale City Manager John Davidson; Baldwin Park Chief Executive Shannon Yauchzee; Irwindale Community Development Director Gus Romo;  Team AMVETS of California Department Commander Enrique Rudino, and American Veterans Post 113 Commander Jerry Martinez. On the eve of the 75th anniversary of the Pearl Harbor attack, the ceremony was also attended by a large number of Veterans including four that served in WWII.

The Alderson Business Park site is located on Alderson Avenue and Los Angeles Street immediately adjacent to American Veterans (AMVETS) Post 113 Headquarters and Event Center, a 600-member post that has been operating for 57 years. AMVETS had been leasing their 2.33-acre property from the City of Irwindale Redevelopment Agency (RDA). When the State of California required the RDA to sell all of its properties and AMVETS was in danger of losing their lease, an entity controlled by Seventh Street Development made a donation of $2.5 million to the AMVETS California Charities which ultimately allowed Post 113 to purchase their headquarters facility.

“It was about investing in the community,” said Craig Furniss, President at Seventh Street Development. “AMVETS used the money to buy the property from the City of Irwindale RDA and now they will have it forever. We have the 10-acre development with this great project and a happy and stable neighbor. It’s a win-win situation.”

Mayor Mark Breceda said, “This development will not only bring five new businesses to town, but allows us to make Irwindale the permanent home to AMVETS Post 113 who have been here for over 50 years.  Alderson Business Park gives us the best of both worlds by allowing us to promote new business within our community while at the same time honoring our veterans.”

The state-of-the-art industrial complex featuring Mission-style architecture will be comprised of five freestanding buildings that range from 28,420 to 49,380 square feet and is scheduled for completion in June 2017, with spaces available for lease. Each building will feature 5,570 square feet of two-story executive office, large fenced private yards, 26-foot minimum clear height, dock-high and grade level loading, ESFR sprinkler systems, and ample parking. The project is optimally situated on the Irwindale/Baldwin Park border within close proximity to the Baldwin Park Metrolink Station/Bus Center and the I-605, I-10, and I-210 Freeways.

“There are very few speculative industrial developments for smaller, freestanding spaces which makes Alderson Business Park a unique project,” said Ty Newland, Senior Director in Cushman & Wakefield’s Ontario office who is handling the leasing of the project. “With vacancy at a historic low of 0.9% in the San Gabriel Valley, this property should draw a lot of interest from users in the marketplace, especially considering Alderson’s new construction, large private yards, and ample office build-outs.”

Seventh Street Development has been the most active industrial developer in the San Gabriel Valley in recent years, having completed projects such as the 85,000-square-foot Speedway Business Park (a previous speculative industrial development in Irwindale), the 650,000-square-foot Huy Fong Foods headquarters and manufacturing plant (the largest single building ever built in Irwindale), and the four-phase 2,000,000-square-foot Mission 71 Business Park in Pomona.

For more information, visit www.7thStreetDevelopment.com and www.AldersonBP.com

Click here to download a rendering of Alderson Business Park

About Seventh Street Development

Headquartered in Long Beach, California, Seventh Street Development is a privately held firm specializing in Southern California industrial, office and mixed-use commercial projects. Since its inception in 2003, Seventh Street has developed numerous successful projects in various cities including Irwindale, Pomona, Riverside, and San Bernardino. Seventh Street offers a unique mix of institutional financial strength and discipline coupled with implementation by hands-on, local entrepreneurs. Seventh Street is actively acquiring development opportunities in Southern California. For more information, visit www.7thStreetDevelopment.com


About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

 

Please visit our website; www.aldersonbp.com

Posted November 24, 2016 by jcowan in News