Storm Properties, Inc., a leading developer, owner, and manager of industrial and commercial properties, held a groundbreaking Wednesday for a rarity in South Bay real estate: construction of a state-of-the-art, 114,061 square-foot, Class-A industrial building, Storm Fujimoto Industrial Center, in Gardena. Storm anticipates a completion date in the first quarter of 2016.
Located at 15913 S. Main St., the building will feature dual, 2-story office pods totaling approximately 8,000 square feet to accommodate single or dual tenants. Other prominent features include an ESFR sprinkler system, 32-feet clear height, 21 dock-high positions, two grade-level doors and a 135-foot truck court. The site spans an entire city block, offering dual access to both Broadway and Main Streets, and is located approximately one-half mile from the I-110 freeway and less than one mile from the SR-91 freeway.
"Interest has been growing since we began working at the site," noted Jay Ahluwalia, president of Storm Properties. "There is pent-up demand for Class-A buildings in the 100,000 square foot range in the South Bay and no currently available supply."
Leasing is being handled by a CBRE marketing team led by John Schumacher, Brian Held, Robert Flores, and Bret Quinland of the South Bay area office.
Storm Properties currently manages a diverse portfolio of industrial and retail properties, and is targeting significant growth through further acquisitions. Its efforts are focused on core-plus to value-add retail and industrial properties in the $5-million to $30-million range in major Western metro markets. Additionally, Storm has a current development pipeline of more than $100 million, and is seeking additional land opportunities for residential entitlement and commercial/industrial development.
Storm Properties, Inc. is a subsidiary of Torrance-based Storm Industries, Inc., an innovative and entrepreneurial organization with a growing family of companies. Over its 83-year history, Storm Industries, Inc. has evolved from a single brass foundry in Los Angeles to a highly diversified group of businesses operating across the globe.