Terran Orbital
Redevelopment of office portfolio asset into Class A industrial facility
In 2023, we broke ground on the redevelopment of an outdated office property in Irvine, California, transforming it into a Class A industrial facility preleased to Terran Orbital Corporation, a global leader in satellite-based solutions.
The redevelopment created significant value for W. P. Carey by adding a Class A industrial asset located in a top-tier infill market to our portfolio.
Sustainable features include electric vehicle charging stations, energy-efficient LED lighting, drought-resistant landscaping, advanced energy metering and a to-be-built, on-site rooftop solar system. W. P. Carey is targeting LEED-Gold certification for this asset. The redevelopment was completed in 2024, and the solar design is underway.
The project demonstrates how W. P. Carey’s Carey Tenant Solutions® platform offers tailored real estate solutions to both existing and prospective tenants while also helping advance their sustainability goals.
Building Features:¹
- 10% of parking stalls have electric vehicle chargers
- 41% indoor water use reduction
- 94% demolition and construction waste diverted from landfills