Unique Development Opportunity In South Bay: 59 Acre Site Up For Sale
7 Aug, 2006, Los Angeles
Cushman & Wakefield announced today that it has been selected as the exclusive agent for the sale of one of the largest infill sites in metropolitan Los Angeles. Vincent Manchee, David Mackenbach, Mike Sidney and Bret Quinlan from Cushman & Wakefield’s LA South office will represent the seller, Atkinson Enterprises.
Located in Compton, at 13633 Central Avenue, ten miles south of Downtown Los Angeles, the property consists of approximately 59 acres of land, and is formerly known as the Atkinson Brickyard site. For many years, the land has been largely vacant and underutilized. The property has city support for a mixed-use project incorporating residential and commercial uses. A development of this size is rare in Southern California.
Located within 1.5 miles of four major freeways, the site is one of the most accessible locations in Los Angeles County and is ideal for a signature development. More than 50 percent of the property is currently ready for development and could be built upon in a phased project.
“This is the first time in over 70 years that one of the South Bay’s most promising infill sites is available for development,” says Mr. Quinlan, a senior director at Cushman & Wakefield’s Long Beach office. “There are very few competing sites of this caliber in metropolitan Los Angeles, and with the current rate of housing appreciation in Compton, the site presents unique investment opportunities for developers.”
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.