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Lake Forest Tops 7MSF of Industrial Space

LAKE FOREST, CA-Completion of a new 75,000-sf industrial development bumps industrial inventory here past 7 million sf, according to a new report on the South Orange County office market.

By Bob Howard | Updated on November 12, 2002

LAKE FOREST, CA-The inventory of industrial space in Lake Forest has edged past 7 million sf with the completion of a new industrial park, and inventory will keep growing with new projects that are planned, according to a new report by Lee & Associates.

The commercial real estate brokerage says the completion of Orchard Technology Park, a 75,000-sf development of Olen Properties on Orchard Road off Bake Parkway, pushed the Lake Forest inventory past 7 million sf. Lake Forest is part of a South Orange County industrial market of about 48 million sf in 1,500 buildings, ranking the Lake Forest submarket second in the South County, behind the nearly 22.8 million sf of Irvine Spectrum.

Construction has begun on another Lake Forest development, the 200,000-sf Rancho Business Center at Bake Parkway and the 241 toll road, that will add 29 buildings ranging from 4,366 to 20,727 sf and available for sale or lease, the Lee report says.

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