Industrial park 25 percent in Escrow

San Fernando Valley Business Journal, April 14, 2008 by James Hames

North Valley Commerce Center, a 201,326-square-foot industrial park in Sylmar, is nearing completion with 25 percent of the project in escrow in the first 90 days of marketing. The center consists of seven buildings with units ranging from 2,237 square feet to 57,666 square feet for sale or lease. The fully-landscaped site is located at the intersection of Olden Street and San Fernando Road.

Voit Development Company is developing the project and base building construction is scheduled to be complete at the end of the month.

Tim Regan of Volt is the project manager for the industrial park. David Harding, Greg Geraci, Matt Dierckman and Billy Walk of CB Richard Ellis are the exclusive marketing representatives. The project was designed by Poliquin Kellogg Design Group and is being constructed by Valley Commercial Contractors.

"The San Fernando Valley submarket boasts a two percent vacancy rate and North Valley Commerce Center is the only new industrial business park project under construction in this market," said Regan, vice president of acquisition/development for Volt Development Company.

Senior Reporter James Hames can be reached at (818) 316-3123 or at jhames@sfvbj.com.