LEHI, UT, March 5, 2019 —
Southern California has a lingering supply problem- too much dated industrial sites and not enough Class-A product. In this unique geography of limited land for new development, developers have taken on the creative task of redeveloping these antiquated properties, and transforming them into state-of-the-art facilities.
This article explains how CapRock Partners has taken advantage of obsolete industrial facilities and has improved them into a turnkey product that will cater to a wide range of potential occupiers. This creativity requires an added focus many moving tasks, including managing costs, gauging demand, and identifying functionality.
As more developers turn to redeveloping, we can expect to see major improvements in certain micro markets that were once outdated and nearly obsolete. GDP has taken on such a task in Kansas City, Missouri, where one of our projects is converting a set of century old warehouses and into a climate controlled storage facility. Plans are well underway, so be sure to track our progress as we begin construction later this year.