Newport Beach firm Phelan Development works on spec industrial project in Metro Air Park, with option for more
Phelan Development plans to open the two buildings of more than 284,000 square feet combined by this fall, said regional partner David Haugen.
Current state of Portland’s industrial market and its future outlook
Phelan Development and Clarion Partners will deliver 489,700 square feet of speculative development in spring of 2023 at 138 Logistics Center located in Portland’s NE Airport Way submarket.
Hydroponics giant Hydrofarm plans new Northern California HQ after IPO, 3 Acquisitions
Becoming a publicly traded company, moving its headquarters from Petaluma temporarily to the East Coast, spending $343 million to acquire three more companies, prepping to return to a larger North Bay hub. It’s been a busy seven months for indoor farming equipment maker and distributor Hydrofarm. On Dec. 14, nearly 10 million shares of Hydrofarm […]
Developer buys 25-acre Otay Mesa property to build 400,000-square-foot industrial park
Newport Beach-based Phelan Development has paid $11.5 million for a 25-acre parcel of land in Otay Mesa for the development of a six-building, 400,000-square-foot industrial park. The land is expected to receive full entitlements in the first quarter of 2021 with construction slated to start in the second quarter of 2021. Buildings will range in size […]
Fairfield Commerce Center Continues Construction as Industrial Demand Grows
Available land for industrial development has become hard to find in recent years as the Bay Area’s explosive growth continues. In Fairfield, one of the last remaining developable industrial parcels, is now in the thick of construction. Newport Beach, Calif.-based Phelan Development Company hopes to deliver the three-building Fairfield Commerce Center by August of 2021 […]
PDC is Under Construction in Houston, TX
A Houston industrial developer launched his own venture last year and he is kicking off 2019 with a handful of speculative deals. Phelan Bennett Development LLC is developing two speculative industrial projects, Justin Bennett, co-founder of Phelan Bennett, told the Houston Business Journal. The company’s slated to break ground on the Near East Distribution Center, […]
Phelan Development Breaks Ground on 981,170 SQFT Industrial Build-to-Suit in Tracy
Newport Beach-based Phelan Development Company has broken ground on the first phase of the North Tracy Commerce Center in Tracy located at 20500 Holy Drive in the Central Valley city, which has been growing its industrial footprint at a steady pace over the last decade. Phelan’s property will be a 981,170 square foot build-to-suit. The […]
PDC Breaks Ground on 981,170 SQFT Industrial Build-to-Suit in Tracy
Newport Beach-based Phelan Development Company has broken ground on the first phase of the North Tracy Commerce Center in Tracy located at 20500 Holy Drive in the Central Valley city, which has been growing its industrial footprint at a steady pace over the last decade. Phelan’s property will be a 981,170 square foot build-to-suit. The […]
Phelan Development Company Opens Northern California Office
Newport Beach-based Phelan Development Company has opened a new regional office in Oakland from which it will manage its Northern California operations. The leadership of this office will be comprised of two people who have previously been involved in the Northern California region for Denver-based DCT Industrial Trust. Dave Haugen was a market leader for […]
Phelan Development Company Opens Office in Houston, Texas
Longtime Houston industrial exec launches private development company Apr 2, 2018 Justin Bennett will still be an active member of Houston’s industrial community, but he’ll be working in a role that, in his words, allows him to spread his wings. After spending eight years with Denver-based DCT Industrial Trust (NYSE: DCT) and launching the company’s […]