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$30M Project Nearly Sold Out at Start

CITY OF INDUSTRY, CA-Snyder Langston Operon Group broke ground on its

By Bob Howard | Updated on August 23, 2002

CITY OF INDUSTRY, CA-Snyder Langston Operon Group of Newport Beach, Calif.,broke ground on its 400,000-sf Imperial Business Park, a $30 million,speculative industrial project along the Pomona (60) Freeway at the FairwayDrive exit that is due to be completed in the first quarter of next year.

Barbara Emmons of CB Richard Ellis, which is marketing the project incooperation with Colliers Seeley International, tells GlobeSt.com that thedevelopment consists of seven buildings, six of them being developed andoffered for sale by Snyder Langston and the seventh to be constructed by adeveloper to whom Snyder Langston is selling a 384,153-sf parcel of land.Five of the six buildings Snyder Langston is building are already in escrow,Emmons tells GlobeSt.com. She says the developer who is in escrow with SnyderLangston to acquire the 384,153-sf parcel plans to build a multi-tenantbuilding for lease.

Emmons says the buildings Snyder Langston is constructing will range from22,000 to 160,000 sf and will be single story warehouse construction of 24 to26-foot clear heights, with mezzanine office, state-of-the-art sprinklers andboth ground level and dock high doors.

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