{"id":1004699460,"date":"2024-01-26T05:07:13","date_gmt":"2024-01-26T13:07:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004699460"},"modified":"2024-01-26T05:07:15","modified_gmt":"2024-01-26T13:07:15","slug":"terreno-realty-begins-64m-redevelopment-in-los-angeles","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/","title":{"rendered":"Terreno Realty Begins $64M Redevelopment in Los Angeles"},"content":{"rendered":"\n<p><strong>Terreno Realty Corp<\/strong>. has begun work on the $64 million redevelopment of 1855 W. 139th St., a 231,000-square-foot industrial property in Gardena, Calif. Plans call for the demolition and redevelopment of the two existing buildings.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a48f5481d292&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004699462\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/1855-west-139th-street\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1855 West 139th Street\" data-image-description=\"&lt;p&gt;The 1855 W. 139th St. buildings also feature 20,000 square foot showroom. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 1855 W. 139th St. buildings also feature 20,000 square foot showroom. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg?w=300\" alt=\"The buildings at 1855 W. 139th St. in Gardena, Calif.\" class=\"wp-image-1004699462\" style=\"width:302px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 1855 W. 139th St. buildings also feature 20,000 square foot showroom.<em> Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The developer expects to complete the project by 2027. It will comprise three buildings totaling 228,000 square feet. Planned features include 34 dock-high and 17 grade-level loading doors and 332 parking spaces. The owner expects to achieve <strong>LEED<\/strong> certification.<\/p>\n\n\n\n<p>Terreno Realty purchased the property back in 2017 for $37.6 million, according to CommercialEdge data. Its existing buildings were developed in three phases, in 1965, 1983 and 2003. The 11-acre asset features sky lights, climate control, fire sprinklers, cross docks and around 160 parking spaces.<\/p>\n\n\n\n<p>Terreno recently executed a short-term lease for the existing building with an e-commerce firm, which will end at the beginning of 2026. The development is near the intersection of Interstate 105 and Interstate 110, allowing for easy access across the Los Angeles metropolitan area. <\/p>\n\n\n\n<p>Current economic headwinds led to both investment and development activity dropping nationwide. According to a recent <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">CommercialEdge report<\/a>, Los Angeles ranked second for industrial transactions on a year-to-date basis through November\u2014a total of $3.9 billion in sales was recorded. The metro&#8217;s development pipeline was much diminished, with only 4.4 million square feet of new industrial space underway in November.<\/p>\n\n\n\n<p>At the end of last year, Terreno Realty completed a <a href=\"https:\/\/www.commercialsearch.com\/news\/terreno-adds-to-510m-industrial-campus-in-miami\/\">191,000-square-foot industrial facility<\/a> in Hialeah, Fla. The property is fully leased to an international logistics company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new buildings will total 228,000 square feet.<\/p>\n","protected":false},"author":3014,"featured_media":1004699462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1594,21742,15],"tags":[32779,33863],"class_list":["post-1004699460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-los-angeles","category-latest","category-west","tag-leed","tag-terreno-realty-corporation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terreno Realty Begins $64M Redevelopment in Los Angeles - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Terreno Realty Corp. started the $64 million redevelopment of 1855 W. 139th St., a 231,000-square-foot industrial property in Gardena, Calif.\" \/>\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\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Begins $64M Redevelopment in Los Angeles\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corp. started the $64 million redevelopment of 1855 W. 139th St., a 231,000-square-foot industrial property in Gardena, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-26T13:07:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T13:07:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/1855-West-139th-Street-e1706193126915.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-begins-64m-redevelopment-in-los-angeles\/\",\"name\":\"Terreno Realty Begins $64M Redevelopment in Los Angeles - 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