California + Los Angeles + Industrial | July 9, 2019

Goodman Grabs 127 Acres, Including Former Boeing Facility in Long Beach

Goodman Group acquired two of the largest industrial properties in the Los Angeles market, reportedly for $330 million. Totaling 127 acres, the acquisitions include the 90-acre former Boeing C-17 manufacturing plant in Long Beach, renamed the Goodman Commerce Center Long Beach (pictured), and a 37-acre former distribution center in Los Angeles, renamed the Goodman Commerce Center Los Angeles.

Goodman North America’s Anthony Rozic says, “Supply across the Los Angeles market is heavily constrained, with a current total vacancy rate of approximately one percent. This makes the size and location of these facilities beneficial to prospective customers looking to improve their delivery speed to market. This will be the first time these sites have been available to customers, having been owned and occupied by the former owners for a long period of time.”

NKF’s Brett Hardy, Todd Anderson and Jeff Read represented Boeing, and CBRE’s David Norrie was instrumental in the transaction of the former distribution center.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.