Search
 

Industrial Build-to-Suit Hedges Risk

LOS ANGELES—Geringer Capital nears completion on a 126,768-square-foot build-to-suit industrial facility, which the company opted to build with an in-place tenant despite the high industrial demand.

By Kelsi Maree Borland | Updated on June 05, 2015

LOS ANGELES—Geringer Capital is nearing completion of a 126,768-square-foot build-to-suit industrial project for tenant Walker Zanger. The project began construction in February 2014 after the tenant signed a leased of the future property. Despite the high demand for industrial product in the market, Geringer Capital, a private investor, decided to mitigate its risk factor by pre-leasing the property before entering into development. The property will be completed in August of this year.

“The owner of the property is a private investor, so they wanted to be a little bit more conservative,” David Harding, SVP at CBRE, tells GlobeSt.com. “They would rather have a deal in hand before they construct. If they were a large institutional owner, most certainly, they would have gone ahead and built it.” Harding, along with SVP Greg Geraci, first VP Matt Dierckman and VP Billy Walk represented the landlord in the transaction. Transwestern‘s J.D. DeRosa represented the tenant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.