Trader Joe’s Acquires Palmdale Site for 1M-SF Distribution Center
GFI Realty Services closed on the $15.750-million sale of a 117.38-acre development site located in Palmdale. Trader Joe’s is constructing a 1.03-million-square-foot distribution facility on the parcel with completion anticipated by the end of 2024. It will be the grocer’s first distribution center in Los Angeles County and its largest in California.
The GFI Realty Institutional Advisory team of managing director Joshua Peck and group director Susan Annis co-brokered the transaction between Trader Joe’s and the seller.
According to the City of Palmdale, the facility will consist of three buildings. These include an 827,000-square-foot Hub building, a 211,000-square-foot freezer building and a 6,000-square-foot accessory building, supporting Trader Joe’s stores throughout Southern California.
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).