Valley Transportation, a ground transportation company specializing in air freight, recently signed a five-year lease for 22,500 square feet at The Allen Group's International Trade Building 6 (ITB6), one of the few industrial buildings with available space in the market. The company recently relocated from an older facility in Bakersfield.
'Companies today are looking for readily available space, in high-tech industrial facilities, near the nexus of rail, intermodal and highway infrastructure,' said Larry Montgomery, Director of Development for The Allen Group's California Operation. 'The Allen Group was able to provide Valley Transportation with a turn-key solution to maximize their distribution efforts.'
International Trade Building 6, a 288,000 square-foot speculative distribution facility, is the newest building developed at ITTC. Other tenants include Formica Corporation and Am-Pac Tire Distributors. Currently there is 125,000 square feet of available space for lease.
ITTC is a 700-acre master-planned logistics park developed by The Allen Group, one of the nations expert developers of rail and intermodal served logistics parks, known as Inland Ports. ITTC is strategically located in Southern California near Bakersfield, Calif. The park offers direct rail service by BNSF Railway and is in close proximity to Interstate 5 and Highway 99, the two major trucking corridors in Calif. ITTC has emerged as an attractive alternative to the Inland Empire and other markets for the location of distribution and logistics centers. The region offers a lower cost of doing business, access to a large labor pool, and proximity to affordable housing.
More than 40,000,000 consumers live within a 300-mile radius of ITTC, with Target Corporation operating a 1.7-million square foot regional warehouse and distribution center. Other tenants include Hillman Fasteners, State Farm Insurance, Formica Corporation, Am-Pac Tire Distributors and Valley Transportation.
