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

Seventh Street’s Mission 71 West Business Park Wins Award for Best Industrial Project for 2nd Year in a Row!

Mission 71 West Business Park (Buildings “P”, “Q”, “R” & “S”)

Los Angeles Business Journal

February 23, 2016

Mission 71 West Business Park is a 495,000 square foot, four-building manufacturing and industrial park covering 25 acres in the City of Pomona.  It is the fourth and final phase of Seventh Street Development’s 19-building, 2,000,000 square foot, 91-acre redevelopment of the former General Dynamics Naval Weapons Plant.  Due to the blighted condition of this portion of the site prior to development and the big-name manufacturing and industrial users it ultimately brought to Pomona, this final Phase had the most positive impact on the surrounding community.  The development challenges for this project were substantial and the transformation of the property is breathtaking both physically and fiscally.  Mission 71 West restored pride and employment in a achaten-suisse.com local community that had been left in the dust since the Federal Government shuttered its Weapons Manufacturing facility in 1997.

Size:  495,000 SF (Four Buildings)

Developer:  Seventh Street Development, Inc.
Architect:  MacDavid Aubort & Associates
General Contractor:  HBI Construction, Inc.
Brokers:  Colliers Seeley International (Steve Belliti, Tom Taylor, Josh Hayes, Tony Phu and Summer Coulter)

Farmers & Merchants Bank Financed Project for Pomona’s Seventh Street Development Nets Leading Real Estate Award

http://www.businesswire.com/

Mission 71 West Business Park Earns Second Place in the Industrial Category at Los Angeles Business Journal’s 2016 Commercial Real Estate Awards

March 22, 2016 10:00 AM Eastern Daylight Time

LONG BEACH, Calif.–(BUSINESS WIRE)–Farmers & Merchants Bank (F&M), a specialist in commercial banking and small business lending announced today, that it, provided the $21.5 million construction loan for Seventh Street Development’s Mission 71 West Business Park project in Pomona, California. The project recently won second place in the Industrial Category at Los Angeles Business Journal’s annual Commercial Real Estate Awards.

Awarded for fiscally transforming acheter viagra the region and restoring pride to the local community, the Mission 71 West Business Park features four industrial buildings totaling 494,935 square feet and is now home to more than 615 permanent employees. The Federal Government originally used the land as a Weapons Manufacturing Facility until 1997. By 2007, the building on site was vacant and had fallen into disrepair. Seventh Street acquired the site in June of 2013 and commenced construction the following summer after finalizing their loan negotiations with F&M. The architecture includes energy efficient and sustainable design features.

“We are pleased to hear a project F&M helped finance has made such a positive impact on the local community,” said W. Henry Walker, President of F&M. “The Mission 71 West Business Park will help ensure long-term growth and profitability for the property and has already proven to be a valuable asset for the owners and the community alike.”

For the past 21 years, the Los Angeles Business Journal has honored developers, architects and general contractors for the most notable commercial real estate projects. Craig Furniss, President of Seventh Street Development, the project developer, accepted the award on behalf of the project team which included HBI Construction and architect MacDavid Aubort & Associates.

About Farmers & Merchants Bank

Founded in Long Beach, CA in 1907 by C.J. Walker, Farmers & Merchants Bank has over $6B in assets and 24 branches across Orange County, Long Beach and the South Bay. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products including checking, savings and youth accounts. Farmers & Merchants Bank is a California state chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information, visit www.fmb.com

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.

Contacts
The Pollack PR Marketing Group Stefan Pollack, 310-556-4443 spollack@ppmgcorp.com
Farmers & Merchants Bank

Seventh Street’s Mission 71 wins Silver Award for Best Industrial Project

Los Angeles Business Journal

February 23, 2015

Mission 71 Business Park, Phases II and III, Buildings “L”, “M”, “N” and “O” 1793 W 2nd St.; 1788 W 2nd St.; 1768 W 2nd St.; and 1585 W Mission Blvd., Pomona

The productive reuse of a 91-acre site www.buy-trusted-tablets.com that was formerly the Federal Government’s Naval Industrial Reserve Ordinance Plant, Mission-71 Business Park is a successful “swords to ploughshares” story. Previously the plant was used to manufacture weapons and military devices dating back to the Korean War. After the project is completed, it will be home to more than 1,750 employees. Architectural elements include extensive cornice treatments on the entire perimeter as well as horizontal and vertical articulations and glass to break up the building mass and provide visual interest.

Size: 434,003 SF (Four Buildings)

Developer: Seventh Street Development

General Contractor: HBI Construction

LABJ Mission 71 Silver Award

Mission 71’s Final Frontier

Real Estate Bisnow

July 23, 2014

San Gabriel Valley’s market demand is on the upswing, and that’s why Long Beach-based Seventh Street Development is prepping to launch construction of the fourth and final phase of Mission 71 Business Park, its 91-acre industrial complex in Pomona.

Craig Furniss Seventh Street Development's Office.

Craig Furniss Seventh Street Development’s Office.

 

 

 

 

 

 

 

 

 

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Final Phase of 2 msf Pomona Biz Campus Gets Underway

Real Estate News TV

July 22, 2014

Seventh Street Development has broken ground on the 500k sf fourth and final phase of its 2 msf, 91-acre Mission 71 Business Park, the company’s redevelopment of the shuttered General Dynamics Military facility in Pomona.

Developed at a cost of $40 mil, the final phase, called Mission 71 West, comprises four industrial buildings ranging in size from 67k sf to 201k sf on a 23-acre site along the west side of the 71 Corona Expwy at Mission Blvd. Construction of the final phase is expected to be completed in the first quarter 2015. Read the rest of this entry »

Industrial Strength?

Los Angeles Business Journal

July 21, 2014

L.A.’s expansive industrial real estate market sweeps inland from the coast for more than 50 miles, from San Pedro and Long Beach to Pomona and beyond. Fueled by some of the busiest seaports, airports and rail yards in the nation, finding tenants for its acres upon acres of warehouses, manufacturing plants and distribution centers has never been a problem; at more than three-quarters of a billion square feet, the market has been exceedingly light. Read the rest of this entry »

Mission 71 Business Park in Pomona adding Kittrich Corp.

Inland Valley Daily Bulletin

May 19, 2013

POMONA — Earth-moving equipment is there now, but before the year ends Mission Boulevard and Curran Place will have the new home of household products manufacturer Kittrich Corp.

At 245,000 square feet, it will be the largest industrial building constructed in eastern Los Angeles County in the last three years, and is part of the Mission 71 Business Park’s third phase of development, said Craig Furniss, the president and co-founder of Seventh Street Development. Read the rest of this entry »

Pomona defense plant site is getting new manufacturers

Los Angeles Times

May 9, 2013

The maker of Con-Tact adhesive paper shelf liners, Little Twig baby bath products and other household items will move to a manufacturing and warehouse building being built on acheter viagra the site of a defunct defense industry plant in Pomona.

Kittrich Corp. – which also manufactures pens, highlighters and other school supplies – will make the new 240,000-square-foot building its headquarters when it relocates from La Mirada by the end of the year. Read the rest of this entry »

Kittrich Corp. To Relocate to Mission 71 Business Park

National Real Estate Investor

May 7, 2013

POMONA, CA—The third phase of development has begun for Mission 71 Business Park in Pomona, Calif. Seventh Street Development is constructing the 1.5-million-sq.-ft. industrial park. HBI Construction has been tapped as the building’s general contractor while Ware Malcomb will be the project architect.

Phase three includes the construction of a 245,000-sq.-ft. facility for Kittrich Corp., a manufacturer of household products. The company will relocate from La Mirada, Calif. and use the facility as its corporate headquarters as well as a manufacturing and warehouse facility. Construction is slated to be complete by year end. The facility will include 26,000 sq. ft. of office space as well as 32-foot clear heights, ESFR sprinkler system, 41 dock positions and an all-concrete private yard with truck court. Read the rest of this entry »