Winefield & Associates (W&A) recently acquired a 25,000 sq. ft. former gasoline station in the City of Industry. The tanks have been removed, and there remains a 2,700 sq. ft. free-standing building on site. W&A is currently negotiating terms with a national convenience store chain, which will entitle the property and construct improvements pursuant to a long-term, triple-net lease. We expect the site will be available for rent for 18 months during the entitlement process. If you have interest in renting the site for the next 18 months, please contact Matt Winefield (firstname.lastname@example.org; cell 562-618-0037). Site address: 841 S. 7th Avenue, City of Industry, CA 91745
Winefield & Associates Hollywood Investment Buttressed by Development Boom, Including Resumption of Super Staples Project
In 2016, Winefield & Associates (W&A) acquired a 0.4-acre former gas station parcel near the corner of Western & Sunset in Hollywood. W&A’s remediation process is almost completed, and development in that immediate area is booming. A plethora of commercial and residential projects are now underway. The most notable nearby project is the Super Staples that, due to litigation, had to cease construction for four years. That construction has now been given the green light to complete. This is just one of dozens of development projects changing the Hollywood landscape for the better. W&A is delighted that our site will soon be available for sale across the street from this Super Staples development and in the immediate vicinity of a development boom.
The investment power of brownfields development can be merged with the tax advantages of Opportunity Zones. Winefield & Associates is actively researching contaminated sites to purchase in OZs. Here is a very brief primer on OZs:
Redeveloping Contaminated & Blighted Properties - Jan 25 - Los Angeles, CA - Upcoming Seminar & Live Webcast
Looking for Buried Treasure Then Doing the Deal: Brownfields Panel at Yosemite Environmental Law Conference, October 20th