The joint venture of Tishman Speyer and Mitsui Fudosan America (MFA) has acquired a fully entitled 32-acre site in Irvine where the partners plan to build a 600K SF industrial campus.
The joint venture is planning to build four industrial buildings ranging from 73K SF to 203K SF on the site, which sits in the southern part of Irvine's Great Park Neighborhoods master plan area near the 5 Freeway.
In November 2022, Tishman Speyer and MFA launched what they called a Logistics Venture to pursue $500M in ground-up industrial development projects as well as the redevelopment of existing value-add industrial acquisitions.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 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.
