Phase I development; nearly two million sq. ft. of property to be delivered by late 2008
Stirling Capital Investments has commenced construction on a one million-square-foot speculative Class A industrial facility situated on approximately 46 acres at Southern California Logistics Centre (SCLC) in Victorville, Calif. The completion of the building is anticipated in December 2008 and will join four other buildings at SCLC, bringing a total of nearly two million square feet of property to the market by the end of this year. The five buildings are part of Phase I development plans which total 6.5 million square feet of industrial space over 350 acres of land.
‘We remain bullish on the long-term growth of the Southern California industrial market and are confident users will be attracted to the economic benefits that SCLC offers,’ said Brian Parno, vice president of Stirling, the master developer of SCLC. ‘With an abundant amount of land at SCLC, we have a unique opportunity to provide large format buildings with excess truck capacity. Therefore, this facility was a logical choice to launch the next wave of development. SCLC is a proven solution for distribution companies looking for a strong cost advantage.’
The one million-square-foot distribution facility will be a ‘green building’ and is registered for LEED Certification. The facility will feature 32’ clear height, 179 dock doors, concrete truck courts from 185’ to 405’, 328 parking stalls, approximately 405 additional trailer parking spaces, ESFR sprinklers, fenced yard and three percent skylights. The building is expected to generate up to 200 new jobs.
In addition to this one million-square-foot building, Phase I development at SCLC includes:
- Newell Rubbermaid’s new 408,000-square-foot West Coast distribution facility that was occupied in October 2007.
- Two multi-tenant industrial buildings totaling approximately 224,000 square feet. Completion of the multi-tenant facilities is anticipated for March of 2008.
- A 296,000-square-foot Class A distribution building located on 17.48 acres. The facility is under construction with completion anticipated for June of 2008.
- CB Richard Ellis’ Jay Dick, Darla Longo, Mark Latimer and Marc Santoro are responsible for marketing Phase I facilities on behalf of Stirling Capital Investments.
‘Upon completion of Southern California Logistics Centre, approximately 24,000 jobs will be created and another 18,500 supporting jobs in the surrounding area will be generated,’ said Terry Caldwell, City of Victorville Mayor and Southern California Logistics Airport Authority Chairman. ‘The public/private partnership the City has established with Stirling has been a tremendous success. We both share a common vision of making SCLC the largest fully-integrated commercial development in the region bringing more than $3 billion a year in economic activity to the Inland Empire region upon completion.’