Ryan McKenzie and Chris McKenzie were able to secure a lease with the fast growing company New Image Custom Screen Printing. “New Image’s” goal was to obtain a larger industrial facility for long term expansion purposes. They were able to increase size from 6,000 sq.ft. into this 12,000 square foot facility on the edge of San Fernando and Pacoima with a ten year lease.
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Ryan McKenzie and Chris McKenzie were able to secure a lease with the prominent lighting entertainment firm Volt Lites for this 15,000 square foot facility in Burbank. Many of Burbank’s creative industrial companies have decided to relocate into this “Creative Flex” type of building. Utilizing new offices, new lighting, fresh exterior upgrades, polished concrete interiors and more – our tenant was able to secure a long term lease in the premier Backlot Burbank Business Park.
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Empire Project Fact Sheet
See original document ^^^
From Xceligent report: See full article HERE
With a slight uptick in vacancy totaling 1.5% for warehouse distribution, landlords continue to reap the benefit. However, while sale prices are still high, Sales Volume has had a significant decrease over last year’s 3Q. Are prices going to drop? Demand continues to remain high, however pricing may have outpaced consumers.
See Xceligent report HERE
The new development on the old airport land…
From Burbankca.gov – See Below
The proposed “Avion” project would construct a business park on approximately 60 acres of vacant land adjacent to the Burbank Bob Hope Airport consisting of the following components:
- Six buildings two stories high for industrial/warehouse uses totaling 1,014,887square feet;
- Nine buildings two stories high for creative office uses totaling 142,250 square feet;
- Two buildings one story high for retail/restaurant uses totaling approximately 15,154 square feet;
- One hotel with 166 rooms;
- Complete site improvements related to the project including utilities, drainage, paving, landscape, lighting, etc.
- Extend, improve, and dedicate Tulare Avenue west of Hollywood Way;
- Extend, improve, and dedicate Kenwood Street south to the future Tulare Avenue.
The project site is located at 3001 N. Hollywood Way, and is surrounded by industrial/storage uses (to the north and east), the Burbank Bob Hope Airport (to the west and south), and vacant parcels. North Hollywood Way abuts the easterly boundary of the project site, and North San Fernando Road is to the north, and Winona Avenue is to the south. The current zoning designations are “General Industrial (M-2)” and “Airport (AP)” and are proposed to change to “Planned Development (PD)” zoning. The project site has two General Plan land use designations, “Golden State Commercial/Industrial” and “Airport” and the entire project site is proposed to be Golden State Commercial/Industrial.
SEE FULL PAGE INFORMATION: HERE