by Jodi Summersadaptive-reuse

In a recently released list of the top 18 distribution markets, five West Coast markets made the cut. Problem is, there isn’t the warehouse space in LA County to accommodate all of the suppliers who would like to be here.

Top distribution markets are based on access to ports, rail, freeways and roads for trailer and container transportation of all kind and, the ability to then turn around and ship that product throughout the region. Sounds like us…but how to grow in this market as warehouse space becomes more and more precious?

Adhering to the adage that “The Greenest Building is the one already built,” innovators have begun repositioning commercial properties. A perfect example is albertsons_selling_distribution_centers_sept_2015then56-acre former Albertson’s distribution center in El Monte, which was recently purchased by Goodman Birtcher for adaptive reuse. While El Monte is not a known logistics or warehouse city, the recently purchased site is an A class location based on supply chain criteria.

Why is SoCal so important as a distribution hub, you ask? Louis Tomaselli, senior managing director at JLL has the answer, “…The single most important factor is adaptive-reuse-3that SoCal has a population of 22 million people…roughly 60% of all California’s total population, situated in a region that is also home to two of America’s top seaports with major rail connectivity to other major markets throughout the country…our US GDP is 70% consumer driven, so that makes SoCal the most dynamic target for delivery of products today and on go forward. And not to forget, California has way more early adopters who clamor to have the latest and adaptive-reuse-2greatest of everything.”

As you’re likely aware, SoCal offers strong leasing fundamentals, strength and security of investment, and long term certainty of your products being available to a growing population. Another big plus is distribution capabilities to other markets. The secret is warehouse space…and we all know for-sale warehouse space is a precious commodity in Southern California, so those ahead of the pack are looking at adaptive reuse opportunities.

GlobeSt.com, praises SoCal as the top gateway market in the country. The albertsons-distribution_center-sitetheory is as long as you purchase Class A quality or occupy Class A warehouse space, you are certain to be safe even in a slowdown. The experts know that Class A properties always trade even if at a lower price, and always recover first.

“We will see more last mile, same day, next hour delivery warehouses throughout So Cal,” concludes Tomaselli. Look for “a possible conversion of current big box retail stores to warehouse and distribution center locations when the bricks and mortar retail value of those real estate locations becomes a burden.”

E-commerce facilities across So Cal are vital. As more retailers make the conversion, the giant million+ square feet property development will slow down in favor of the smaller distribution centers that can accommodate a broader range of users like third-party logistics providers and traditional warehouse distribution center users.

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http://www.globest.com/sites/nataliedolce/2016/09/14/socal-may-soon-see-conversion-of-current-big-box-retail-stores-to-warehouse/?kw=SoCal%20May%20Soon%20See%20Conversion%20of%20Current%20Big%20Box%20Retail%20Stores%20to%20Warehouse&cn=20160914&pt=California&src=EMC-Email&et=editorial&bu=REM&slreturn=20160815223455

www.SoCalIndustrialRealEstateBlog.com/the-adaptive-reuse-of-commercial-properties-for-industrial-distribution

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http://images.adsttc.com/media/images/5699/666a/e58e/ce02/a500/0028/newsletter/stringio_%281%29.jpg?1452893796

www.SoCalCommercialRealEstateBlog.com/big-box-commercial-properties-are-become-warehouse-distribution-centers

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www.socalgreenrealestateblog.com/commercial-to-industrial-the-greenest-building-is-the-one-already-built

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About Jodi Summers

Jodi Summers
SoCal Investment Real Estate Group
Sotheby’s International Realty
jodi@jodisummers.com

Sotheby’s International Realty’s legacy dates back to 1744. Respected as one of the world’s oldest and largest fine art auctioneers, Sotheby’s has a longstanding tradition of bringing together buyers and sellers of fine property. Today, Sotheby’s International Realty boasts nearly 13,000 sales associates, located in more than 660 offices in 49 countries and territories. Broker Jodi Summers is the founder of the SoCal Investment Real Estate Group, a top producing team with Sotheby’s International Realty in the Los Angeles area.

With more than $140,000,000 in listed inventory, Jodi and the SoCal Investment Real Estate Group know finance, rules, regulations, procedures and methods. We are accurate, knowledgeable, timely and aware of how government shapes the cities of Southern California, including Santa Monica, Venice, Culver City, West Hollywood, Beverly Hills and Los Angeles.

A New York native, Jodi grew up working in the family business – marketing, Madison Avenue style. Childhood math quiz questions calculated demographic and psychographic percentages or analyzed the allocation of adverting dollars. Word games were for devising slogans.

“My marketing and communication skills have proven to be a true gift when it comes to promoting real estate,” observes Jodi. “And I am consistently able to get an exceptionally high price per square foot for my sellers.”

Discipline (Jodi holds a Black Belt in Tae Kwon Do), organization, motivation, excellent communication skills and knowing & satisfying the needs of her clients have been her essentials for running a successful business. A passion for investment real estate explains her emphasis in asset-yielding properties.

The City of Santa Monica chose Jodi to be part of the prestigious 9-member Civic Working Group to analyze and offer feedback on the future of the 10.5-acre Santa Monica Civic Auditorium site. Additionally, Jodi is a member of the National Association of Realtors, Beverly Hills + Greater West Side Association of Realtors, Action Apartment Association of Westside income property owners, the Santa Monica Conservancy historic preservation society, the Friends of Sunset Park community group, the Real Estate Investors Club L.A., the American Solar Energy Society, Sierra Club, California Parks Association and the Culver City Rock & Mineral Club. She is currently the Communications Chair for the Ocean Park Association in Santa Monica, and a partner in Save the Civic – a community group involved with the City in the adaptive reuse of the Santa Monica Civic Auditorium and adjacent area.

An honors graduate from the Walter Cronkite School of Journalism at Arizona State University, Jodi moved to California in the mid-’90s to achieve her goal of living by the beach with a hibiscus bush in her yard.

She has thrived as an entrepreneur in the entertainment, media and marketing industries. She has three books in publication with Allworth Press – The Interactive Music Handbook, Making and Marketing Music and Moving Up In the Music Business. Making and Marketing Music is in second edition. Check out her work on Amazon.com.

Find out more about Jodi Summers through her social networks –
Linked In: http://www.linkedin.com/in/jodisummershere
Facebook: http://www.facebook.com/profile.php?id=1296490898
Flickr: http://www.flickr.com/photos/jodisummers/collections/
Twitter: http://twitter.com/jodisummers
About.Me: http://about.me/SoCalInvestmentRealEstateGroup
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Our websites + blogs + brands include:
www.SoCalInvestmentRealEstate.com
www.SantaMonicaLandmarks.com
www.SoCalIndustrialRealEstateBlog.com
www.SoCalOfficeRealEstateBlog.com
www.SoCalMultiUnitRealEstateBlog.com
www.SoCalGreenRealEstateBlog.com
www.SantaMonicaPropertyBlog.com

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Bravo, Fascinating Information, Green, Investment Opportunities, Market Snapshot, New Developments, Property Maintenance, Solutions, Trends, Uncategorized, Winning Properties