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Commercial Real Estate

Ricon Builds New Headquarters

July 21, 1998

Construction of a new headquarters for Ricon Corp. is underway at the former Panorama City site of General Motors Corp.

Ricon said it plans to move from five buildings in Pacoima to the new complex by year's end, consolidating its operations in the $12-million, 600,000-square-foot facility.

The 65-acre site was developed by Poliquin Kellogg Design Group of Woodland Hills.

The facility will serve both as a manufacturing plant and headquarters for Ricon's 350 workers.

Ricon makes equipment such as lifting devices and specialized minivans for people with physical disabilities.

The company said it decided to stay in the Los Angeles area because of incentives offered by the city for relocating within an enterprise zone.

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