Konoike Group plans 55k sf cold storage facility in Wilmington

Facility would add to Japanese firm's logistics portfolio in Los Angeles

Los Angeles /
Oct.October 03, 2018 12:00 PM
Konoike Group CEO Tadahiko Konoike and the largely vacant lot where his company wants to build its new cold storage facility

A Japanese transport and engineering company wants to build its third refrigerated storage facility in the South Bay neighborhood of Wilmington.

Konoike-Pacific California Inc., a subsidiary of the Konoike Group, filed plans on Tuesday for the 55,000-square-foot facility. The building would stretch along N. McFarland Avenue from East E Street to East F Street, directly next door to another Konoike cold storage and shipping facility.

The company needs city approval to build to a requested height of 54 feet, nine feet over the 45 feet allowed by zoning.

Konoike specializes in logistics, including temperature-controlled storage and transportation services in the United States. It also is involved in manufacturing and engineering in Japan. It operates one other facility in Wilmington, as well as one further north in South Gate.

The Wilmington site is comprised of a series of lots that are mostly vacant. The development would require demolishing a 3,800-square-foot commercial building along N. McFarlane Avenue. The property has been owned by the Community Redevelopment Agency of the City of Los Angeles since 2007, according to property records.

South Bay’s industrial market is red hot, giving landlords the pick of the litter when it comes to tenants. In some cases, landlords are booting out existing tenants when leases expire to make way for major national and Fortune 500 companies. Demand for modern Class A industrial properties are driving up demand — and prices — for Class B and Class C properties as well.


Related Articles

arrow_forward_ios
Howard Schwimmer and Michael S. Frankel with 3629-3963 Workman Mill Road (top) and 13943-13955 Balboa Boulevard (Google Maps)

Rexford pays $340M for 2 industrial parks

Rexford pays $340M for 2 industrial parks
Continuum CEO Mark Falcone and a rendering of the project (EYRC Architects via Urbanize)

Continuum Partners, Platinum Equities plan Arts District office tower

Continuum Partners, Platinum Equities plan Arts District office tower
Rendering of 577-unit District Square project in South L.A. (Los Angeles Department of City Planning, iStock)

Judge orders LA to reconsider Charles Co.’s District Square project

Judge orders LA to reconsider Charles Co.’s District Square project
Forme Development President Damon Chan and rendering of 550 Shatto Place (Forme, Gensler via Urbanize)

Going up: Koreatown tower project developers boost plans

Going up: Koreatown tower project developers boost plans
Herb Wesson (top) and Curren Price with a rendering of 3800 W 6th Street (Linkedin, Twitter, Large Arch)

LA officials backtrack on aid for Koreatown hotel project

LA officials backtrack on aid for Koreatown hotel project
Richard Llewellyn and Ron Galperin (City of LA, Wikimedia)

LA’s ballooning budget shortfall could require property selloff

LA’s ballooning budget shortfall could require property selloff
California Gov. Gavin Newsom (Credit: Justin Sullivan/Getty Images)

Newsom signs into law slate of tenant protection and housing measures

Newsom signs into law slate of tenant protection and housing measures
Golden Springs Business Center

Logistics firm inks big lease in Santa Fe Springs as industrial demand remains high

Logistics firm inks big lease in Santa Fe Springs as industrial demand remains high
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...