VICTORVILLE, Calif.–(BUSINESS WIRE)–Stirling Capital Investments has secured a five-year lease for a 12,500-square-foot industrial property with international beverage company Red Bull. The facility, located at 13644 George Blvd in Victorville within Southern California Logistics Centre (SCLC), will serve as a regional warehouse and distribution center for Red Bull’s internationally renowned line of energy drinks.
“SCLC continues to grow as a premier destination for multinational food and beverage companies,” said Brian Parno, chief operating officer of Stirling Development, the managing partner of Stirling Capital Investments. “The facility provides Red Bull with optimal flexibility to meet its regional warehousing and distribution needs.”
Red Bull joins an extensive roster of multinational food and beverage companies at SCLC that includes Dr Pepper Snapple Group, Sparkletts®, ConAgra Foods and Plastipak.
Kyle Kehner & Robin K. Dodson of Cushman & Wakefield represented Red Bull in the transaction. Stirling was represented in-house by Anita Tuckerman. The lease is valued at more than $350,000.
SCLC has witnessed a substantial increase in leasing activity in 2011, attributed to a stabilizing national economy and improving market conditions. Recent leases encompass approximately 600,000 square feet of industrial and office space to Sparkletts® Water, Embry-Riddle Aeronautical University and a multinational confections company.
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.
The SCLC onsite leasing office is located at 18499 Phantom Road, Suite 12, Victorville, CA 92394.
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.