"Being given the responsibility for a development such as Huntington Woods is a tremendous honor and we are extremely excited about working with McShane on this project," says Jeffrey Fischer, NAI Hiffman VP. "We have an excellent team of brokers and marketing specialists dedicated to Huntington Woods, and we are eager to find companies that are ready to explore the creation of their ultimate build-to-suit facility, whether it is an office building, research facility, a headquarters and showroom, or a luxury hotel."
McShane Development purchased the Huntington Woods property from AT&T in June 2008 for about $23.2 million, and has since entered into arrangements for two build-to-suit facilities. Last month, the firms completed the $12 million Mori Seiki building bringing 104,000 square feet on 7.5 acres at 2400 Huntington Blvd. Big Kaiser Precision Tool Inc. bought a three-acre parcel within the park for $2.2 million from McShane for a 33,000-square-foot, two-story building to house its US headquarters at 2600 Huntington Blvd., which is expected to be completed early next month.
"Companies investing in a park of this caliber do so to capitalize on its unique blend of natural amenities, abundant technology and unparalleled highway visibility," Fogarty says. McShane plans to develop the rest of the land with similar build-to-suit facilities, ideally ranging in size from 50,000 to 500,000 square feet. The lead agents on the assignment will be Jeffrey Fischer and Adam Marshall with NAI Hiffman's Industrial Services Group.
"This particular project calls for a robust voice and a broad reach," Dan Fogarty, VP of McShane Development Co., says. "This is a truly exceptional property and we believe the team of NAI Hiffman and WHITE CUBE will best assist us in elevating the level of awareness of the park on both a national and international scale."
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