Taking off: Boeing lists massive 90-acre aircraft assembly plant in Long Beach

The 1M sf complex borders Long Beach Airport

Los Angeles /
Nov.November 07, 2018 10:00 AM
A Boeing C-17 Globemaster and the main assembly building at Boeing’s Long Beach property with CEO Dennis A. Muilenburg

Eat your heart out, Spruce Goose.

This week, Boeing listed its 90-acre aerospace manufacturing facility where for two decades it built planes for the U.S. military.

The property includes a 1.1 million-square-foot main assembly building where it built the C-17 Globemaster transport aircraft until 2015, according to the Los Angeles Times, which first reported the planned sale.

Boeing’s main building is more than twice the size of Google’s brand new offices retrofitted from the famed Spruce Goose hangar in Playa Vista. Unlike Spruce Goose, it doesn’t appear the Boeing site will be turned into creative offices.

The property neighbors Long Beach Airport and includes one other primary manufacturing building and a number of smaller buildings. The first bids for the site are due in December, according to Boeing’s brokers at NKF Capital Markets. No price was listed.

The City of Long Beach is creating a specific plan for the site and the area immediately around the complex, which it calls the “Globemaster Corridor,” with plans to present it to the City Council by year end. The plan would include rezoning portions of the area and could include public parks and other amenities, according to the Long Beach Press-Telegram.

Developers and investors have flocked to Long Beach as an alternative to the pricey Los Angeles. Large projects in the works include a 429-key hotel and a 40-story residential tower downtown. There are a number of smaller projects in the works, too, as well as big trades. Long Beach saw its priciest multifamily transaction of the year in July, when IMT residential bought a 291-unit building for $123 million.  [LAT] — Dennis Lynch 


Related Articles

arrow_forward_ios
Placeholder image
IRA Capital buys 450K sf office campus in Irvine for $102M
IRA Capital buys 450K sf office campus in Irvine for $102M
From left: Related California’s Gino Canori and William Witte with 710 Broadway (710 Broadway, Getty, Related)
Related scores $385M in financing for Santa Monica mixed-use project
Related scores $385M in financing for Santa Monica mixed-use project
Onni Group’s Rossano De Cotiis and Wilshire Courtyard at 5700-5750 Wilshire Boulevard in Los Angeles
Onni leases 225K sf of offices in Mid-Wilshire to Sony Pictures
Onni leases 225K sf of offices in Mid-Wilshire to Sony Pictures
Simon Property Group's David Simon, Brea Mall at 1065 Brea Mall (Getty, Google Maps, Simon Property Group)
Simon seeks to redevelop former Sears site at Brea Mall
Simon seeks to redevelop former Sears site at Brea Mall
CBRE's Stew Weston with rendering of 1011 North Sycamore Avenue
CIM to build offices on West Hollywood cement plant site
CIM to build offices on West Hollywood cement plant site
Bed, Bath & Beyond's Sue Gove with 14351 Hindry Avenue
Bed Bath & Beyond to close seven more stores across SoCal
Bed Bath & Beyond to close seven more stores across SoCal
Griffin Living's Paul Griffin III and Griffin Plaza at 3885-3977 Cochran Street in Simi Valley
Griffin Living sells Simi Valley shopping center for $22M
Griffin Living sells Simi Valley shopping center for $22M
TGS Management's Fred Taylor and FivePoint's Daniel Hedigan
TGS Management pays $240M to buy 42 acres for Irvine data hub
TGS Management pays $240M to buy 42 acres for Irvine data hub
arrow_forward_ios

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

Loading...