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| Larwin had built homes in the Antelope Valley for
three decades, so the company's commercial development
arm took on the challenge. "The city of Lancaster
came to Larwin," said Dennis Marciniak of GVA DAUM,
who with broker Larry McEwan is handling the sales for
the project. "Lancaster wanted to jump-start
industrial development in the Fox Field area." |
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| Teaming up with Lancaster with its supportive
development policies and local builder George Atkinson of
Atkinson and Associates, Larwin established plans to
build 220,000 square feet of industrial space - nine
buildings on seven acres. They named it Fox Field
Business Park. The buildings offer small business owners
the opportunity to own a freestanding industrial
building. Potential buyers are coming from areas that
have no good buildings or no space, or the available
space is too expensive. "We are seeing a lot of
interest from San Fernando Valley and the Santa Clarita
Valley areas," Marciniak said. "There is so
little product to purchase in those areas. Prices have
gone up dramatically." |
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| Mitchell said the cost of industrial buildings in the
San Fernando Valley is $150 to $175 a square foot. The
Larwin buildings cost $109 to $120 a square foot to
purchase. Larwin found a waiting market. The buyers of
the Larwin buildings own them outright, with land and
parking. The addition of industrial buildings to the huge
number of houses in the Antelope Valley is a natural
progression, Mitchell said. "The evolution follows
the houses. After the rooftops, industrial building
starts to take off," he said. Larwin's Fox Field
Industrial Park is at 45th Street West and Avenue G in
the Antelope Valley Enterprise Zone adjacent to Fox
Field. |
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