Goodman Delivers 505 KSF Industrial Building in Metro LA

Goodman North America has wrapped up the construction of the first, 504,810-square-foot building at Goodman Commerce Center Long Beach in metro Los Angeles.

Located on 24 acres at 2401 E. Wardlow Road, the building is adjacent to the Long Beach Airport, while the city’s port is some 11 miles away. Interstates 405 and 710 run within 1 and 5 miles, respectively.

The facility features a clear height of 40 feet and a truck court reaching a depth of 240 feet, as well as 61 dock doors and two grade-level doors. Additionally, the LEED Gold building includes 10,000 square feet of mezzanine space and 11 acres of land for ancillary uses.

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Goodman Commerce Center is on the site of a former Boeing manufacturing and distribution center in Long Beach, Calif., which the developer purchased for more than $200 million in 2019. At the time, the property contained multiple buildings—some later demolished, while others underwent adaptive reuse.

One of the demolished facilities paved the way for Building One’s construction, while a 1.1 million-square-foot structure was retrofitted for Relativity Space, a rocket manufacturer that relocated to the premises.

Relativity isn’t the only aerospace company operating in the area, dubbed Space Beach. Rocket Lab leased space at Sares-Regis’ Pacific Pointe Northwest at Douglas Park, while SpinLaunch occupies some of Airway Office Park Owners Association’s property in Long Beach, according to CommercialEdge.

Los Angeles’ pipeline lagged other Western markets

Metro Los Angeles’ industrial pipeline comprised 4.8 million square feet of product underway as of April, according to the latest CommercialEdge report. The market ranked fourth among Western metros, behind Denver (6.7 million square feet), the Inland Empire (9.3 million square feet) and Phoenix (15.4 million square feet), the same source shows.

Meanwhile, the market’s industrial vacancy stood at 8.7 percent in April, just 10 basis points below the national average, the report reveals.