Nearon Enterprises and their local partner, Mark Ossala (who developed the adjacent Marquardt site), purchased 18 acres in Van Nuys adjacent to the airport to build over 330,000 square feet of industrial space in 8 buildings for lease and sale.  This industrial sub-market is full of substandard Class B buildings which has forced local business to move out of the area to satisfy expansion needs.  The boom in SBA lending for these types and sizes of businesses has led to sales prices well in excess of the Genesis pro forma.  All buildings were either leased or sold prior to completion.