NEWPORT BEACH, CA-A Newport Beach-based development firm has broken ground on an industrial project valued at $5.2 million in Santa Fe Springs. Newport Beach-based Clark Management & Development recently tilted the walls on the 63,000-sf speculative development. Completion slated for August 2001.

Both of the freestanding, single-tenant buildings contain 2,200 sf of office space, 24-ft minimum ceiling clearance, three dock high positions, two grade level doors and a private gated yard area. The 26,880-sf building site is at 12230 Florence Ave. The 36,129-sf facility is going up at 12234 Florence Ave.

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