Los Angeles The property is located in Valencia, a submarket of Los Angeles.

LOS ANGELES—International Airport Centers has broken ground on the IACC Commerce Center, a huge 1.3 million-square-foot industrial site in Valencia. The project brings much needed industrial supply to a very tight market. The dearth of industrial supply is in fact so severe that the project has already received interest from tenants and may result in build-to-suit components.

“Valencia is one of the most active and strongest industrial markets in LA County with nearly 25 million square feet of industrial space and a 1.5% vacancy rate,” Craig Peters, EVP at CBRE, tells GlobeSt.com. “Demand from companies is at an all-time high, particularly in our primary industry clusters such as aerospace and defense, bio medical and medical devise, entertainment, advanced manufacturing and consumer product distribution. IAC Commerce Center provides much needed supply to meet the current demand.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.