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ADELANTO ANNOUNCES WORLD CLASS LOGISTICS CENTER ON 400-ACRES IN 2007
04-Oct-2007

According to the Inland Empire Business Press, July 8, 2007, a worldwide developer of industrial properties has purchased 400 acres in Adelanto, and will build an industrial park there that could employ up to 700 people. AMB Adelanto Gateway Logistics Center is proposed to be built directly across from the Southern California Logistics Airport. It shall serve as a distribution hub for the Los Angeles basin as well as Arizona, Nevada and Utah, according to Kim Snyder, Managing Director with AMB Property Corp. in San Francisco.

The AMB Adelanto Gateway Logistics Center will consist of 10 to 15 industrial buildings that will range from 550,000 to 1.5 million square feet each. Most of those structures will be built on speculation, but AMB Property expects to develop several buildings for specific tenants. The build-to-suits probably will have more office space, but all of the structures will have warehouse-distribution facilities along with room for manufacturing, Snyder said. All of the buildings will be for sale or lease, with AMB Property set to manage the leased properties. The land purchase was completed in mid-June 2007 and announced July 2, 2007. The land was acquired in by AMB in an assemblage purchase from a series of private investors.

"This is going to be one of the biggest [logistics] projects up here,” said the President of Lee & Associates Commercial Real Estate Services' Victorville office. "The fact that it will have some manufacturing means it will bring a lot of workers up here."

AMB Property Corporation is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. As of March 31, 2007, AMB owned, or had investments in properties and development projects expected to total approximately 128.2 million square feet in 40 markets within 13 countries. The company's portfolio is comprised of distribution facilities that are built for speed and located near airports, seaports and ground transportation systems.

 


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