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MULTINATIONAL FOOD AND BEVERAGE COMPANIES LOCATE OPERATIONS AT SOUTHERN CALIFORNIA LOGISTICS CENTRE
New leases to provide jobs and boost tax revenue for the Victor Valley
Victorville, Calif. – June 6, 2011 –Red Bull and a large multinational confections company have signed long-term leases at Victorville’s Southern California Logistics Centre (SCLC). The agreements, which encompass more than 500,000 square feet of warehouse and distribution space, will bring much-needed jobs to the Victor Valley, according to Stirling Capital Investments.
“Multinational corporations continue to identify the Victor Valley as a desirable location for their operations,” said Brian Parno, chief operating officer of Stirling Development, the managing partner of Stirling Capital Investments. “SCLC is becoming a premier destination for Fortune 500 companies across multiple industries due to its strategic access to markets throughout the Southwestern United States. This is providing an important economic benefit to residents of the Victor Valley.”
The new tenants join an extensive roster of multinational tenants in the High Desert region that includes Dr Pepper Snapple Group, ConAgra Foods, Newell Rubbermaid, Plastipak, GE Aircraft Engines, Boeing and Goodyear.
“We are focused on making the High Desert a thriving community by keeping valuable jobs in the region and attracting large, multinational employers,” said City of Victorville Mayor Ryan McEachron. “These two agreements affirm this commitment and set the stage for continued growth.”
In the year’s largest lease at SCLC, one of the world’s leading confections companies has signed a 10-year lease to occupy a 495,000-square-foot industrial building at 13133 Innovation Way in Victorville. The company will use the facility for the warehousing and distribution of a range of confectionary products as it relocates its operations from its previous High Desert location, preventing valuable jobs from leaving the region.
Red Bull signed a five-year lease for a 12,500-square-foot industrial facility at 13644 George Blvd in Victorville. The facility will serve as a warehousing and distribution center for Red Bull’s internationally renowned line of energy drinks. The Red Bull space lies adjacent to a 10,376-square-foot industrial facility that was leased by Sparkletts® Water early in 2011.
“The City of Victorville, through the local economic development office led by Keith Metzler, has made a strong commitment to ensuring the long-term health and vitality of the region by attracting large employers with global reach,” said Parno. “Mayor Ryan McEachron and County Supervisor Brad Mitzelfelt were instrumental in helping to bring these tenants to SCLC and we applaud their dedication to the Victor Valley.”
SCLC is master planned for 60 million square feet of commercial and industrial development and is undergoing a 6.5 million-square-foot first phase. Approximately 3 million square feet has been constructed to date.
Global Access Victorville
Global Access Victorville, the former George Air Force Base in Victorville, Calif., is an 8,500-acre multimodal freight transportation hub supported by air, ground and rail connections. Global Access Victorville is comprised of Southern California Logistics Airport (SCLA), a 2,500-acre world-class air cargo and aviation facility; Southern California Logistics Centre (SCLC), a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development; and Southern California Rail Complex (SCRC), a planned 3,500-acre intermodal and multimodal complex entailing rail-served facilities. Stirling and the City of Victorville have teamed up to redevelop the former George Air Force Base into Global Access Victorville, the largest fully-integrated commercial development in the region, which is anticipated to create more than 24,000 jobs and support another 18,500 jobs in the surrounding area. Global Access Victorville offers 24-hour, seven-day-a-week operations with onsite U.S. Customs. It has been designated a Foreign Trade Zone and a Local Agency Military Base Recovery Act Zone by the federal government. It has two intercontinental runways and can accommodate all current-flying commercial and military aircraft with 24-hour, seven-day-a-week air tower operations and emergency response capabilities comparable to that of the world’s largest airports. For more information, visit www.globalaccessvictorville.com.
About Stirling Capital Investments
Stirling Capital Investments is a joint venture between Stirling, a Foothill Ranch, Calif.-based strategic, full-service, value-added development company specializing in master-planned communities and major land developments and Denver, Colo.-based DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate investment trust. Stirling is led by partners Dougall Agan and Chris Downey, who have been responsible for more than $3 billion in development activity on large-scale land development projects in Los Angeles, Orange, San Bernardino and San Diego counties. DCT Industrial Trust Inc., is a leading real estate company specializing in the ownership, acquisition, development and management of bulk distribution and light industrial properties located in 25 of the highest volume distribution markets in the U.S. as well as Mexico.
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