Clyde Stauff Clyde Stauff is a senior EVP at Colliers International.

LOS ANGELES—We need industrial space. The industrial vacancy rate in Los Angeles is sub 2%, and even lower in some submarkets. With the push for more product, developers are managing to scrounge up every last piece of available land for new industrial development. Every time it happens, we hear that this site is one of the last industrial land development sites in all of Los Angeles County. It has happened again. GlobeSt.com has learned exclusively that Duke Realty Co. has acquired a 22.6-acre land site from Chevron USA in La Mirada with plans to build a 475,000-square-foot distribution facility.

The terms of the deal were not disclosed, although there was strong competition for the site. The deal was fully marketed through Colliers International's Investment Services Group by managing director Bret Hardy and senior EVP Clyde Stauff, both of whom also represented the buyer in the deal. “There was very strong interest in the property as it is one of the last major “infill” sites available in the greater Los Angeles market,” Stauff tells GlobeSt.com about the marketing process. “Almost all of the interested developers favored a development plan for a single, state-of-the-art cross dock logistics facility that would attract an e-commerce logistics tenancy.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.