80.3 F
San Fernando
Tuesday, Dec 6, 2022
-Advertisement-

Simi Industrial Park Breaks Ground

Overton Moore Properties has announced the groundbreaking of a new industrial development in Simi Valley. The four-building project totals about 141,000 square feet, and can accommodate companies looking for space between 30,000 and 42,000 square feet. The buildings feature 26-foot ceilings, 120-foot minimum truck courts and sprinkler systems. Construction is scheduled for completion in April 2017. The project, called the Point, is located within the 87-acre master-planned section of Simi Valley. “Entrepreneurs are looking to locate their enterprises in state-of-the-art buildings in pro-business environments,” said Bennett Robinson, executive vice president at L.A.-based CBRE Group Inc. and listing broker on the project. “Demand for high-quality industrial space in the greater Los Angeles area has been on the rise.” Overton Moore acquired the property from Coca-Cola Co. in October 2015. Based in Los Angeles, Overton Moore is a private development and real estate investment firm. The company announced the ground-breaking Sept. 8.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-