Oltmans Construction Co. started construction on the Ajax La Palma Business Center on September 2013 and is scheduled for completion June 2014. According to the Orange County Business Journal, at 93,447 s.f., it is currently among the biggest industrial projects in Anaheim, California in years.
Oltmans currently has on its roster three projects located in the City of Anaheim, CA. The company just completed the construction of Western Realco’s Cerritos Avenue Business Park project, a 210,000 s.f. property and is under construction on the Ajax La Palma Investors, LLC.’s La Palma Business Center and the Anaheim Redevelopment Agency’s Westgate Retail Surcharge project.
Excerpt from the Orange County Business Journal
Project among biggest in Anaheim in yearsMark Mueller Saturday, December 7, 2013
A former cement manufacturing plant in Anaheim is on the fast track to be turned into a new industrial property. Owners of 4850 E. La Palma Ave. are moving ahead with plans for a development at the 4.6-acre site that’s slated to be 93,447 square feet.
The industrial building will be just north of the Riverside (91) Freeway near the intersection of East La Palma Avenue and Hancock Street. Brokers representing the property’s owners said they expect the project to be completed by next summer. The old cement plant is being razed as part of the development.
The owners will offer the new building for lease, according to Ben Seybold, Senior Vice President for the Orange office of CBRE Group Inc. Rents for the building, which will hold as much as 17,000 square feet of office space, haven’t been disclosed.
The building will be one of the larger industrial properties built in Anaheim—home to Orange County’s largest base of warehouses and distribution facilities—in several years. The last big industrial project to be completed in the city was Irvine-based Sares-Regis Group’s three-building Canyon Point project near Miraloma Avenue. That 120,000-square-foot development was completed in 2011, and the buildings were sold to owner-users.