Koll Irwindale Phase Finished

The 11-acre first phase of the $20-million Koll Business Center in Irwindale, which Koll acquired 20 months ago, has been completed, and construction is under way on the 14-acre second and final phase.

The 21-building complex is at Arrow Highway and Irwindale Avenue. Cal Fed Income Properties, a subsidiary of California Federal Savings & Loan Assn., is joint-venture partner with Koll.

The 180,000-square-foot first phase includes nine for-sale industrial buildings, of which seven have been sold; three multi-tenant buildings, which are 40% leased, and five for-sale commercial/retail sites, all of which are in escrow, according to Jeffrey Dritley, senior development manager for the Koll Co.’s Los Angeles division.