We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » Goodman acquires two of the largest logistics estates in Los Angeles, California totaling 127 acres
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Goodman acquires two of the largest logistics estates in Los Angeles, California totaling 127 acres

July 8, 2019
No Comments

Goodman Group, the global owner, developer and manager of industrial property and business space, announces the acquisition of two of the largest industrial estates in the Los Angeles market. Totaling 127 acres, the acquisitions include the 90 acre former Boeing C-17 manufacturing plant in Long Beach, Calif. renamed the 'Goodman Commerce Center Long Beach' and a 37 acre former distribution center in Los Angeles, Calif. renamed the 'Goodman Commerce Center Los Angeles.' These facilities provide customers high-quality industrial opportunities to operate out of key urban locations providing direct access to large consumer markets in the area.

Anthony Rozic, CEO of Goodman North America said: "Supply across the Los Angeles market is heavily constrained with a current total vacancy rate of approximately one percent. This makes the size and location of these facilities beneficial to prospective customers looking to improve their delivery speed to market. This will be the first time these sites have been available to customers, having been owned and occupied by the former owners for a long period of time."

"As advances in technology, changes in consumer behavior and the continued urbanization of gateway cities are driving the demand for well-located industrial space, we continue to invest in, develop and manage facilities close to consumers and key infrastructure such as ports, airports and major motorways enabling customers to develop an efficient supply chain and provide faster transit times," said Rozic.

Goodman will be working with the various stakeholders in the communities around these facilities to create diverse employment opportunities and innovative use of the spaces. This includes working closely with the City of Long Beach to reflect the vision of the City's updated zoning for the Long Beach site in the Globemaster Corridor Specific Plan.

These recent acquisitions illustrate Goodman's global gateway city strategy to own, develop and manage industrial real estate in key infill markets, close to consumers and urban centers. With a $3.7 billion development pipeline in the U.S., Goodman is actively seeking new acquisition opportunities and will continue to target land developments, value-add and stabilized opportunities in the core logistics markets of Los Angeles, Inland Empire, Northern New Jersey and the San Francisco Bay Area industrial markets.



Brett Hardy, Todd Anderson and Jeff Read from Newmark Knight Frank represented Boeing to complete the transaction of the former Boeing C-17 manufacturing plant in Long Beach and David Norrie from CBRE was instrumental in the transaction of the former distribution center.

Goodman Group is one of the world's largest industrial property groups, with a global network spanning
17 countries and approximately $35 billion of assets under management. For more information about Goodman North America, please visit us.goodman.com or follow Goodman Group on Twitter and LinkedIn.

More Info: https://us.goodman.com/

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
    • Related Articles

      Goodman acquires an additional 65 acres in Los Angeles

      Goodman Logistics Center El Monte - Los Angeles East completes construction, providing supply chain

      RIM logistics Acquires New Space in Los Angeles Market

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Boston Dynamics will deploy fleet of robots in German e-tailer’s DCs

    • InPerson interview: Geoff Muessig of Pitt Ohio

    • TradeBeyond Acquires Pivot88

    • U.S. manufacturing resurgence faces headwinds

    • Warehouse yards to go digital

    Now Playing on DCV-TV

    20230922intralox vs large

    Intralox Parcel Automation: Never Stop Moving

    DCV-TV 4: Viewer Contributed
    Your business—and the flow of products through it—never stops. Intralox’s logistics and material handling specialists have the technologies, services, and expertise to keep you moving.

    FEATURED WHITE PAPERS

    • Rodent Radar: A Guide To Help Protect Your Business From Rodents

    • The Value of Genuine Parts and Service

    • Five questions to ask before electrifying your indoor forklift fleet

    • Unlock Success with Our Freight Tech Checklist!

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing