Bisnow/Allen Matkins - SoCal Industrial - Mark Payne, Panattoni Development
It's all about large format buildings in the Inland Empire, where partner Mark Payne says Panattoni Development recently herded kittens--assembling 20 different land owners for a project. (A stronghold against puppies?) Noting the smaller products market seems to be coming back, Mark says that in infill markets like LA he'll buy sites as small as 2.5 acres.