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1M-SF Industrial Center Breaks Ground

VALENCIA, CA—Developer IAC begins construction on the first phase of the IAC Commerce Center, which is a 400,000-square-foot industrial building on 70 acres.

By Kelsi Maree Borland | Updated on November 04, 2014

VALENCIA, CA—Developer IAC has broken ground on a 1.3-million-square-foot industrial facility called the IAC Commerce Center. The construction project will be completed in three phases. The first phase, underway now, is a 400,000-square-foot building on 70 acres.

“The Valencia market is experiencing record sub 2% vacancies, and strong demand for space,” Craig Peters, a broker at CBRE, tells GlobeSt.com. “Valencia attracts companies from the San Fernando Valley, only 10 minutes south of the project. The San Fernando Valley is also experiencing record low vacancies, at 1%.  This supply/demand imbalance means the new industrial product, like IAC Commerce Center, will be in high demand.” CBRE has been retained as an exclusive leasing agent for the property.

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