{"id":1004098528,"date":"2014-06-17T06:49:48","date_gmt":"2014-06-17T14:49:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004098528"},"modified":"2022-12-04T07:19:56","modified_gmt":"2022-12-04T15:19:56","slug":"ktr-capital-preleases-615-ksf-project-in-la-to-99%c2%a2-only-stores","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ktr-capital-preleases-615-ksf-project-in-la-to-99%c2%a2-only-stores\/","title":{"rendered":"KTR Capital Preleases 615 KSF Project in LA to 99\u00a2 Only Stores"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004098531\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ktr-capital-preleases-615-ksf-project-in-la-to-99%c2%a2-only-stores\/garfield-corporate-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg\" data-orig-size=\"1024,683\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 50D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1397480428&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;320&quot;,&quot;shutter_speed&quot;:&quot;0.0003125&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Garfield Corporate Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004098531\" alt=\"Garfield Corporate Center\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Garfield-Corporate-Center.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. The industrial real estate company just signed 99\u00a2 Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in Los Angeles County history.<\/p>\n<p>Garfield Corporate Center, a speculative project sited on a 28-acre parcel at 6100 Garfield Ave., holds the distinction of being the largest free-standing industrial building to be constructed in metropolitan Los Angeles in 10 years, and one of a mere 14 state-of-the-art, 500,000-square-foot-plus distribution centers to sprout up in Los Angeles County within the last 16 years.<\/p>\n<p>KTR was able to reel in the big fish for its development with the assistance of commercial real estate services firm JLL.<\/p>\n<p>\u201cThe lease up of the building prior to completion is a testament to the quality of KTR\u2019s design,\u201d Paul Sablock, an executive vice president with JLL, said in a prepared statement. It\u2019s also a testament to the strength of the local industrial market. As JLL notes, the Central Los Angeles submarket is the tightest in the Southern California region, having recorded a 3.5 percent vacancy rate in the first quarter of the year.<\/p>\n<p>And the Garfield Corporate Center transaction was quite a coup for the 99\u00a2 Only Stores, as well. As commercial real estate services firm Colliers International notes in a first quarter report, \u201c[Garfield Corporate Center] is the type of state-of-the art modern distribution facility that would normally only be seen within the Inland Empire.<\/p>\n<p>KTR, which is relying on C.E.G. Construction to serve as general contractor, expects to wrap up development of Garfield Corporate Center by the close of the second quarter.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99\u00a2 Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.<\/p>\n","protected":false},"author":969,"featured_media":1004098531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,1594,21742,15],"tags":[],"class_list":["post-1004098528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-los-angeles","category-latest","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KTR Capital Preleases 615 KSF Project in LA to 99\u00a2 Only Stores - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ktr-capital-preleases-615-ksf-project-in-la-to-99\u00a2-only-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KTR Capital Preleases 615 KSF Project in LA to 99\u00a2 Only Stores\" \/>\n<meta property=\"og:description\" content=\"KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99\u00a2 Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. 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