TIG Acquires Palmdale Site for Industrial Development
Transwestern Investment Group (TIG) has purchased a 4.6-acre site in Palmdale, CA and will partner with Transwestern Development Company to build a 100,000-square-foot industrial property on the parcel. Construction is scheduled to begin next March with an early 2024 delivery.
“This facility will satisfy the needs of an owner/user or tenant that wants the convenience of connectivity to Los Angeles, but at a greater value than the fully occupied San Fernando and Santa Clarita Valley markets,” said Mike McKenzie, Director of Acquisitions for TIG.
The facility, called Legacy Lane, will be situated east of the 14 Freeway and just south of Palmdale Airport. The property features include 32-foot clear height, 15 dock doors, an ESFR sprinkler system, office space and a 90/1000 parking ratio. At less than 5 acres, the site also qualifies for a California Environmental Quality Act exemption.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.