{"id":1004788658,"date":"2026-02-19T03:15:17","date_gmt":"2026-02-19T11:15:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004788658"},"modified":"2026-02-19T05:33:30","modified_gmt":"2026-02-19T13:33:30","slug":"jensen-eyes-400-ksf-la-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/","title":{"rendered":"400 KSF Build-to-Suit Eyed in LA"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a39f5cad4b5f&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004788659\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/jensen-lan_overall-perspective_260209-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\" data-orig-size=\"800,600\" 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;&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=\"Jensen-Lan_Overall-Perspective_260209 (1)\" data-image-description=\"&lt;p&gt;Image obtained from JLL&#8217;s press release here: https:\/\/www.citybiz.co\/article\/808106\/manufacturer-pays-46-million-for-100-acre-site-in-lancaster-california-retains-proficiency-capital-to-develop-new-400000-sf-build-to-suit-facility\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Completion on Jensen\u2019s new facility is slated for 2027. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg?w=800\" 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\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\" alt=\"Aerial rendering of the building developed by Proficiency Capital for Jensen Infrastructure in Lancaster, Calif.\" class=\"wp-image-1004788659\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><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\">Completion of Jensen\u2019s new facility is slated for 2027. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Proficiency Capital will develop a 400,000-square-foot build-to-suit industrial facility for Jensen Infrastructure, which has just acquired the 100-acre construction site in Lancaster, Calif., for $46 million. Northpoint sold the land, while JLL brokered the deal on behalf of the buyer.<\/p>\n\n\n\n<p>Construction is set to kick off this quarter, with completion scheduled for March next year. Fullmer Construction serves as general contractor, while 3G Capital Partners provided development financing.<\/p>\n\n\n\n<p>The land sits at the corner of 30th St. and Avenue G, within Northpoint\u2019s Fox Field Commerce Center industrial park. General William J. Fox Airfield operates less than 1 mile away, while downtown Los Angeles is about 75 miles southwest. The property will serve all of Southern California and parts of Nevada.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"Exclusive: What's in CBRE's Forecast for 2026 - Commercial Property Executive\">Exclusive: What\u2019s in CBRE\u2019s Forecast for 2026<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>JLL Managing Director Hunter McDonald represented Jensen in the transaction proceedings.<\/p>\n\n\n\n<p>Proficiency Capital has developed more than 25 million square feet of industrial space across north of 1,000 acres since its inception in 1996. It operates across Orange County and metro Los Angeles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-la-industrial-completions-reach-post-pandemic-record\">LA industrial completions reach post-pandemic record<\/h2>\n\n\n\n<p>Greater Los Angeles had 4.2 million square feet of industrial product underway at the end of 2025, representing 0.6 percent of stock, according to a <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/File\/8249-MatrixIndustrialNationalReport-January2026\" target=\"_blank\" rel=\"noreferrer noopener\">Yardi Matrix report<\/a>. Last year, <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial deliveries<\/a> clocked in at 5.8 million square feet, marking a 2.1 percent annual increase and the largest new supply wave since 2021.<\/p>\n\n\n\n<p>Meanwhile, average industrial rents across the metro ticked up 4.2 percent annually to $15.54 per square foot in December, the report reveals. The national average grew at a faster pace, 5.4 percent, but was 42.9 percent below the Los Angeles figure.<\/p>\n\n\n\n<p>The vacancy rate across the metro clocked in at 8.5 percent at the end of 2025, 70 basis points below the national average, though it could increase further as new speculative space comes online. One such example is <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-breaks-ground-on-la-industrial-complex\/\">Stream Realty Partners\u2019 101 Logistics Center<\/a> in Oxnard, Calif. Construction on this 738,000-square-foot project began last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A construction materials company has acquired a 100-acre site for the project.<\/p>\n","protected":false},"author":3471,"featured_media":1004788659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1594,21742,15],"tags":[32796],"class_list":["post-1004788658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-los-angeles","category-latest","category-west","tag-jll"],"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>400 KSF Build-to-Suit Eyed in LA - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Jensen Infrastructure acquired land in Lancaster, Calif., for $46 million from Northpoint, tapped Proficiency Capital for industrial project.\" \/>\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\/jensen-eyes-400-ksf-la-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"400 KSF Build-to-Suit Eyed in LA\" \/>\n<meta property=\"og:description\" content=\"Jensen Infrastructure acquired land in Lancaster, Calif., for $46 million from Northpoint, tapped Proficiency Capital for industrial project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/\" \/>\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=\"2026-02-19T11:15:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-19T13:33:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\/jensen-eyes-400-ksf-la-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/\",\"name\":\"400 KSF Build-to-Suit Eyed in LA - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\",\"datePublished\":\"2026-02-19T11:15:17+00:00\",\"dateModified\":\"2026-02-19T13:33:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"Jensen Infrastructure acquired land in Lancaster, Calif., for $46 million from Northpoint, tapped Proficiency Capital for industrial project.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Jensen-Lan_Overall-Perspective_260209-1.jpg\",\"width\":800,\"height\":600,\"caption\":\"Completion on Jensen\u2019s new facility is slated for 2027. 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Image courtesy of JLL"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jensen-eyes-400-ksf-la-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"400 KSF Build-to-Suit Eyed in LA"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. 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