![]() ![]() Mergenthaler notes, “We are confident Palisade Santa Fe Center’s unique Vernon location will attract a wide variety of tenants ranging from cold storage, warehousing or manufacturing companies who’ll find favor with the city’s business-friendly approach, as well as the property’s central location. Palisade Santa Fe Center is set for completion in Summer 2023. Herdman Architects is the project architect, while PREMIER Design + Build Group is serving as general contractor. ![]() The property is situated on a corner lot at Santa Fe and 57th, a central Alameda Corridor location that is expected to appeal to a broad user base.ĬBRE’s Jack Mergenthaler, SIOR, Jeff Stephens, SIOR and Evan Crawford are handling the leasing assignment for the development. Vernon is also one of the most active infill submarkets of Southern California. The site is ideally located in one of the nation’s tightest industrial markets, blocks from critical rail yards and intermodal facilities for Union Pacific and BNSF, as well as the ports of Los Angeles and Long Beach. North Palisade has experienced success with a similarly sized building in Commerce.” ![]() Demand is expected to remain strong for industrial assets in SoCal’s infill markets driven by a diverse mix of tenant requirements including last-mile logistics and cold storage users. ![]() This sized building is in the ‘sweet spot’ for the Central Los Angeles submarket as users are exhibiting a healthy appetite for properties in 50,000- to 100,000-square-foot size range in L.A. Joe Mishurda, Managing Partner of Los Angeles-based North Palisade Partners, said, “There is a tremendous lack of industrial supply in Los Angeles with vacancies dropping under 1% in this submarket. is located in Southern California’s Central Los Angeles submarket, southeast of Downtown Los Angeles. Los Angeles, Octo– North Palisade Partners, a development and investment firm focused on industrial, industrial outdoor storage (IOS), and self-storage properties, broke ground on Palisade Santa Fe Center, a 58,999-square-foot, Class A industrial property in Vernon, CA. ![]()
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