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"Wonderful Real Estate"

Wonderful Real Estate Breaks Ground on 1.1 MSF Spec Industrial Development in Shafter, California

by Jeff Shaw May 11, 2023

SHAFTER, CALIF. — Wonderful Real Estate has broken ground on a 1.1 million-square-foot speculative development at the Wonderful Industrial Park (WIP) in Shafter. The facility will be located at 5401 Express Ave. It will be the fifth speculative development delivered by WRE over the past five years. WRE has developed and leased more than 1.3 million square feet at Wonderful Industrial Park in 2022. This includes a 1 million-square-foot spec project that was leased by a Fortune 500 food manufacturer and a 309,000-square-foot building leased by existing tenant GAF, the nation’s largest manufacturer of roofing and waterproofing products. WRE is also in the final stages of design on a 415,000-square-foot speculative building in the park that is scheduled for delivery in the first half of 2024.

May 11, 2023

California Development Industrial Office Restaurant Retail Western

Wonderful Real Estate Begins Construction of Amenity, Training Center at Industrial Park in Shafter, California

by Amy Works November 5, 2020

SHAFTER, CALIF. — Wonderful Real Estate Development has started construction of a new corporate office building, conference center, wellness center, amenity center and vocational school at Wonderful Industrial Park (WIP) in Shafter. Spanning 98,000 square feet, the logistics park is slated for completion in first-quarter 2022. The development will include a 61,000-square-foot corporate office component, a 37,200-square-foot vocational training center and an 8,500-square-foot restaurant café space. The corporate office space will be home to more than 200 Central Valley employees, including those working for Wonderful Citrus, Wonderful Pistachios and Almonds, Suterra, Pom Wonderful and Wonderful Real Estate Development. Additionally, the office space will provide large meeting rooms that will be available to companies within WIP and the community at-large. The development’s Wonderful Wellness Center will include a gym, exercise classes, healthy awareness programs and access to a mobile clinic. In addition to Wonderful Company’s developments, Walmart Inc. is nearing the completion of a 630,000-square-foot distribution facility at WIP. The highly automated property is optimized for handling, packaging and shipping food. The facility is located on 65 acres that Walmart acquired from WIP in 2018. The facility is slated to be fully operational by spring 2021.

November 5, 2020

California Industrial Western

Wonderful Real Estate Starts Construction of 1 MSF Industrial Park Near Bakersfield

by Nellie Day September 20, 2017

BAKERSFIELD, CALIF. — Wonderful Real Estate has commenced construction on Wonderful Industrial Park, a 1 million-square-foot industrial building northwest of Bakersfield. The 1.6-acre spec asset is located at 4100 Express Ave. in Shafter. The building will feature 300-foot truck courts, 700 trailer parking stalls, 183 dock-high doors, eight-inch slab designed to meet multi-level e-commerce uses, and a high-speed fiber optics network. Notable tenants in the area include Target, Ross Stores, American Tire Distributors, DMSI, MRC Global and FedEx. JLL’s Mike McCrary, Peter McWilliams and Mac Hewett are leading the leasing efforts at Wonderful Industrial Park.

September 20, 2017

Development Features Mixed-Use Western Feature Archive

The Future of Urban Real Estate Is Mixed-Use, 24/7, Outdoors

by Jeff Shaw August 4, 2023

— By Bob Lisauskas, Principal, RDC in Long Beach, Calif. — Daily patterns of life have been turned upside down since 2020. Three years since the disruption of quarantine living, it’s becoming clear what was temporary and what has been permanently changed. The good news: our cities have the potential to come back healthier than ever. Cities are resilient places and are finding ways to adapt and transform. Building owners, municipalities, architects and other stakeholders are actively collaborating on ways to repair the city fabric. While some of these companies and individuals have fled to the suburbs, many are more committed than ever to preserve urban living. This is often because they love the city where they own their property, and are personally motivated to breathe life into the area. Another wrinkle driving urban transformation is the housing crisis. It’s an urgent reality that we need more housing at every price point in our urban centers. This is something that’s of paramount concern, particularly in California, as rents and property values rise. These, along with other trends and market disruptors, are pushing cities toward a primarily mixed-use future in which new developments serve the entire 24-hour cycle: living, working, shopping …

August 4, 2023

Hospitality Louisiana Market Reports Retail Southeast Southeast Market Reports

New Orleans Lays Ground Work for a Return to a ‘Wonderful World’

by John Nelson December 14, 2021

“I see friends shaking hands, saying how do you do…” Like many urban city centers, New Orleans has faced unprecedented challenges from COVID-19 over the past 19 months. The metro area lost more than 85,000 jobs between second-quarter 2019 and second-quarter 2020. In an economy heavily reliant on tourism, Orleans Parish was the most impacted with over 41,000 jobs lost, predominantly in the hospitality sector. Retailers — and their employees — depend on the large boosts of economic activity provided by large-format gatherings such as conventions and festivals like Jazz Fest, French Quarter Fest, and Mardi Gras, all of which were cancelled for the past 24 months. Additionally, the very active hurricane seasons of 2020 and 2021 resulted in devastation from three major storms in economic centers along our coastal community. New Orleans is still navigating clean-up efforts following Hurricane Ida, which landed Aug. 29, while real estate developers, builders and tenants face even more pricing and timing challenges due to material and worker shortages that were further hindered by storm activity. However, we are marching in the right direction. Cruises are resuming from Port of New Orleans (Port NOLA). Business travelers are getting back on the road. Offices are …

December 14, 2021

California Industrial Western

Essendant Co. Leases 405,299 SF at Wonderful Industrial Park Near Bakersfield

by Nellie Day December 1, 2017

SHAFTER, CALIF. — Essendant Co. has leased 405,299 square feet of industrial space at Wonderful Industrial Park (WIP) in Shafter. The facility is located at 4805 Centennial Plaza Way near Bakersfield. Essendant will use this facility for local and regional fulfilment, e-commerce and distribution. The company will occupy the space in the second quarter of 2018. Wonderful Industrial Park is a 1,625-acre, rail-served, master-planned, entitled industrial development able to accommodate requirements ranging from 100,000 square feet to 2 million square feet. Wonderful Real Estate started construction on a speculative 1 million-square-foot, 40-foot-clear industrial building at WIP in September with an expected delivery date of March 2018. WIP is home to several corporate users including Target, Ross Stores, American Tire Distributors, FedEx, Formica, State Farm, DMSI, MRC Global and Baker Hughes. JLL’s Mike McCrary, Peter McWilliams and Hewett are leading the leasing efforts at Wonderful Industrial Park.

December 1, 2017

California Industrial Western

Distribution and Marking Services Inc. Leases 350,000 SF at Wonderful Industrial Park Near Bakersfield

by Nellie Day October 26, 2016

SHAFTER, CALIF. — Distribution and Marking Services Inc. has leased 350,000 square feet of industrial space at Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in Shafter. The park is located at 5000 Capital Road, just north of Bakersfield. The outsourced supply chain management solutions provider will use this facility to provide warehouse and distribution services. JLL’s Mike McCrary, Peter McWilliams, Mac Hewett and Nicole Welch represented the landlord, Wonderful Real Estate, in this transaction.

October 26, 2016

Features

REAL ESTATE’S PLACE IN WEALTH MANAGEMENT AND FINANCIAL PLANNING

by admin July 14, 2009

As many investors know, a diverse portfolio is the cornerstone of success. And today, even in a down market, commercial real estate is an important component for many investors. Recently in Atlanta, Interface Conference Group brought financial planners and real estate experts together to discuss the state of the commercial real estate market and investing today. The conference — Real Estate’s Place in Wealth Management and Financial Planning — began with a frank, informative keynote address from Zachary Taylor, group chairman and managing partner of global wealth management firm Taylor, Fréres & Cie, a multinational concern with businesses spanning the commodities, asset management, and investment banking sectors. Taylor’s initially set out to identify the role of commercial real estate in the crafting and management a modern portfolio — it should comprise between 20 and 30 percent in total — noting that the act of doing so has changed considerably over the past 3 years. “Financial planners need to step back and understand where capital is and what is driving it, in order to keep the wealth management business moving forward,” he noted. Taylor, Fréres & Cie’s philosophy ensured that Taylor was particularly suited to address the crowd of nearly 200 …

July 14, 2009

California Industrial Webinar Western

Webinar: Los Angeles Industrial Outlook — How has the Pandemic Changed the Industrial Sector in Southern California?

by Jaime Lackey October 29, 2020

On October 27, Western Real Estate Business magazine hosted a panel of industrial experts to discuss how the pandemic has impacted investment sales, leasing and development within the Los Angeles industrial real estate sector. Click to listen to the recording and hear the 2021 outlook. The webinar included two separate discussions. The developer/owner panel included Joseph Vargas of Wonderful Real Estate Development, Brett Tremaine of Majestic Realty, Damon Austin of Prologis, and Brett Dedeaux of Dedeaux Properties and Morgan Medlin of Allen Matkins. The second panel covered the capital markets/finance and brokerage perspectives and included Jeffrey Cole of Cushman & Wakefield, Bobby Khorshidi of Archway Capital, Steven Lurie of Greenberg Glusker, Peter Bacci of Lee & Associates, Chris Jackson of NAI Capital and Christopher Sheehan of Colliers International. Allen Matkins, Dedeaux Properties, Wonderful Real Estate Development, Greeberg Glusker, Archway Capital and Lee & Associates sponsored the discussion.

October 29, 2020

California Development Retail Western

Ross Dress for Less to Open Three New Stores in Greater Los Angeles

by Amy Works September 14, 2018

GLENDALE, SOUTH LOS ANGELES AND SANTA FE SPRINGS, CALIF. — Ross Dress for Less will open three stores in downtown Glendale, South Los Angeles and Santa Fe Springs on Oct. 13. The 27,000-square-foot Glendale store is located in the Glendale Marketplace at the corner of North Brand Boulevard and East Broadway; the 30,000-square-foot South Los Angeles location is in the Vermont-Slauson shopping center at the corner of South Vermont Avenue and West Slauson Avenue; and the 23,000-square-foot Santa Fe Springs store is located in Gateway Plaza at the corner of Telegraph Road and Carmenita Road. With these new openings, Ross will operate 300 stores in California for a total of 1,459 locations. Together, Ross Dress for Less and dd’s Discounts currently operate nearly 1,700 off-price apparel and home fashion stores is 38 states, the District of Columbia and Guam. In late August, Ross Stores, the parent company of Ross Dress for Less, signed a lease for 1 million square feet of industrial space at 4100 Express Ave. in Shafter, Calif., within Wonderful Industrial Park, which is owned by Wonderful Real Estate Development. Additionally, the company owns a 1.7 million-square-foot distribution center located near the newly leased facility in Shafter.

September 14, 2018

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