March 2012 -
Dedeaux Properties to Deliver Class A Industrial Space to Central Los Angeles
3305 Bandini Blvd Property in Vernon Latest Acquisition
Dedeaux Properties LLC. (www.dedeauxproperties.com), has purchased a 10.8 acre prime land site at
3305 Bandini Blvd. where the developer with plans to construct 2 state-of-the-art industrial facilities
totaling approximately 235,000 square feet.
“No new Class A product has been delivered in the Central LA market for over 4 years while user
demand is strong, vacancy low and available land sparse“ according to Brett Dedeaux. “Our firm has a
long history in the area and has recognized that local tenants struggle operating in older facilities that
offer limited building features.“
Dedeaux Properties continues to execute on its strategy of acquiring prime in-fill Los Angeles industrial
land sites. According to the listing brokerage firm CB Richard Ellis, “3305 Bandini is an ideally located
land site in one of the most desirable industrial areas in Southern California. 3305 Bandini is
strategically located in North Vernon, offering close proximity to the 5, 10, 60, 110 and 710 freeways“
Dedeaux Properties plans on commencing construction mid-year with completion set for the beginning
of 2012. Conceptual plans include a focus on the food industry, which has a strong preference for
Vernon due to the low power costs and friendly business environment. Currently, several build-to-suit
proposals are being evaluated.
In 2011, Dedeaux Properties acquired an additional approximate 5 acre site in Vernon with similar
development plans and is currently constructing an approx. 50,000 sq. ft. state-of-the-art refrigerated
distribution facility in the City of Commerce for leading produce firm Heath & Lejeune.
Dedeaux Properties was represented by Brandon Gill at CB Richard Ellis who will also be handling the
marketing of the project. Dedeaux Properties, LLC (“Dedeaux Properties“) is a Los Angeles-based
industrial real estate investment, development and management firm with a portfolio of over 5,500,000
sq. ft. of primarily distribution and transportation properties in Southern California and Chicago.
Dedeaux Properties is an affiliate of Dart Entities, a full service transportation, logistics, warehousing
and fulfillment provider founded in 1938.
For additional information, please visit www.dedeauxproperties.com