More modern industrial space is coming to the Santa Ana, California, market. Shea Properties has begun construction on Shea Business Center, a new, state-of-the-art industrial park located on the former ITT site on East Dyer Road and Alton Avenue in Santa Ana, a representative of the firm reports. The property is located just off the 55 Freeway with immediate access to I-5.
In a statement, the source says the property, which Shea recently acquired, will offer approximately 500,000 square feet of class-A industrial space to the Orange County market. The space will comprise nine buildings scheduled for availability to tenants in October 2019. The source also reports that demolition on the ITT site is currently underway, while construction of the nine new buildings will begin later this year.
In the statement, Jon Marchiorlatti, VP of industrial acquisitions and development for Shea Properties, points out that new industrial buildings in the OC market are hard to come by. He adds that Shea Business Center will be geared toward “existing or established businesses looking for a home here in Southern California — or for anyone looking for a last-mile distribution solution.”
The source says that John Griffin and Max Wang of Cushman and Wakefield will handle the leasing for the project.
The statement also reveals that Shea Business Center was designed to accommodate up to six small tenants and up to three large tenants and will have the flexibility to combine buildings for anyone with more significant space requirements. The buildings will feature dock-high and ground-level loading doors, ESFR sprinklers, concrete truck courts, gas service to all buildings, potential private yards, and clear heights of between 28 feet and 30 feet.
In addition, the source reports, the site will feature drought-tolerant landscaping, bicycle racks, enhanced outdoor patio areas, benches and pathways, as well as power for electric vehicles.
On the retail side, as SoCal Real Estate reported in July, Shea Properties made news by signing a variety of new restaurants, retailers, and services at Mercado del Barrio, the mixed-use center in San Diego’s Barrio Logan district.