"Bisnow/Allen Matkins LA Industrial and State of the Ports - " Mark Payne

According to Panattoni Development partner Mark Payne, industrial facilities are like fashion and the facilities without trailer storage are the bell bottoms. Panattoni builds large buildings as well as small buildings for sale to entrepreneurs: “What we’re trying to do is design the best building for the market.” With Port users placing the highest priority on location and staying away from residential areas, LEED cert is near the bottom of the hierarchy of true needs but definitely on the radar screens of investment funds and See more +
According to Panattoni Development partner Mark Payne, industrial facilities are like fashion and the facilities without trailer storage are the bell bottoms. Panattoni builds large buildings as well as small buildings for sale to entrepreneurs: “What we’re trying to do is design the best building for the market.” With Port users placing the highest priority on location and staying away from residential areas, LEED cert is near the bottom of the hierarchy of true needs but definitely on the radar screens of investment funds and pension funds. “Unfortunately, we have not found tenants that are willing to pay the nickel more to get it.” Under Calgreen, however, developers in California virtually are building to LEED without the plaque. See less -

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Published In: Business Organization Updates, Commercial Real Estate Updates

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