For the last decade, Sares-Regis Group (SRG) and its partners have worked to develop Douglas Park on more than 280 acres of land previously owned by The Boeing Company. Come July, the first components of the final major development in the area, Pacific Pointe Northwest, will come online.
The mixed-use project, located north of the Long Beach Airport, has been a boon to the local economy, creating thousands of good-paying jobs, attracting companies to relocate their headquarters to the city and serving as a good neighbor to nearby residential areas.
“We thought this land was going to be the hardest to develop because it’s on the backend of the project,” SRG Senior Vice President of Commercial Development and Investment Larry Lukanish told the Business Journal. “Now that everything is built out and retail is next door, it has actually become some of the best land because it’s got walkable amenities.”
Comprised of four industrial buildings ranging in size from 74,723 square feet to 138,413 square feet, Pacific Pointe Northwest is located on the southwest corner of East Carson Street and Worsham Avenue, adjacent to the 26-acre Long Beach Exchange retail center and two hotels.
“Douglas Park is a special project,” Lukanish explained. “We’ve built in other places – and they’re great projects – but because this is a true mixed-use business park, we’re getting better corporate headquarters for industrial users because of these walkable amenities. It’s a great base for these guys to locate their businesses.”
Pacific Pointe Northwest buildings are identified using numbers that are a continuation of previous Douglas Park development phases: Building 14 is 87,605 square feet with 145 parking stalls; Building 15 is 94,525 square feet with 151 parking stalls; Building 16 is 138,413 square feet with 229 parking stalls; and Building 17 is 74,723 square feet with 144 parking stalls. Each building also has a secure truck court – areas adjacent to loading docks where trucks maneuver.
Over the years, Lukanish said SRG and Carrie Hoshino of Irvine-based DRA Architects – the firm that designed much of Douglas Park – went through about 20 different iterations of site plans. “We worked on a lot of different build-to-suits for different clients over the years that didn’t come together, but this one flowed the best,” Lukanish noted.
Building 16 will be the first structure completed in July, according to Lukanish. Construction of the three remaining buildings will be finished one at a time, with the last expected to be completed in September or October. CBRE’s Brian DeRevere and John Schumacher are handling leasing for the new buildings and, while no proposals have been made, Lukanish said numerous regional companies have been inquiring.