California + Orange County + Industrial | May 19, 2023

Terran Orbital Corporation and net lease REIT W. P. Carey broke ground on a 94,000-square-foot satellite manufacturing facility in Irvine, California

Terran Orbital, W. P. Carey Break Ground on Irvine Satellite Facility

Terran Orbital Corporation, a global leader in satellite-based solutions primarily serving the aerospace and defense industries, and net lease REIT W. P. Carey broke ground Friday on a 94,000-square-foot satellite manufacturing facility located at 4 Goodyear in Irvine.

In partnership with Terran Orbital, W. P. Carey will redevelop one of its outdated office properties into a new, Class A industrial facility, which will serve as Terran Orbital’s fifth production facility. Demolition of the existing building commenced this past February, and the project is expected to be completed in January 2024.

“Terran Orbital is thrilled to break ground on 4 Goodyear,” said Terran Orbital chairman and CEO Marc Bell. “The new facility will propel Terran Orbital to new heights. We are currently working on 30 programs and over 375 satellites, including initial constellation orders for SDA, Rivada, and a new constellation customer announced on May 15.

“We also look forward to the capacity increase the new facility will create as we continue to onboard contracts and satellite orders. W. P. Carey has been a joy to work with and we look forward to developing this new facility together.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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