Stirling Capital Investments Commences Construction of 447,740-Square-Foot Warehouse

New Facility Now Fully Leased to Two Tenants

Stirling Capital Investments today announced construction has commenced on a 444,740-square-foot industrial facility at Southern California Logistics Centre (SCLC), the 2,500-acre commercial and industrial complex entitled for 60 million square feet of development in Victorville.

A 211,000-square-foot pre-lease commitment for the new facility was secured from a national manufacturer which kicked off the project, and the remainder of the facility is now committed to a second multi-national tenant who will utilize the 233,740-square-foot space for regional and national distribution of their products.

The new development underscores Stirling Capital Investments collaboration with local and regional government to establish the Inland Empire’s High Desert as a regional manufacturing hub as well as their continued efforts alongside the City of Victorville to attract top-tier businesses to Southern California Logistics Centre.

“We are thrilled to be constructing another major phase of the redevelopment of the George Air Force Base,” said Brian D. Parno, Chief Operating Officer for Stirling Development. “With occupancy in our three million square feet of existing development exceeding 99 percent, we were poised for another expansion. The emergence of our project as a prime commercial and manufacturing hub will prove to be a huge benefit to the city and High Desert region which will continue to payoff for many years into the future.”

The official site groundbreaking occurred in January and construction of the new facility is currently underway. Full completion and occupancy is anticipated in the fall of this year. The state-of-the-art facility sits on 21.7 acres and includes quality features such as energy efficient LED warehouse lighting with motion sensors, abundant natural daylighting from skylights, cross-dock design, 32-foot clear height, ESFR fire protection, secured full concrete truck courts and ample power.

“When we commenced construction, we immediately witnessed very strong demand for new space. With the full lease up and success of this new facility now secured, we have begun exploring additional development opportunities in order to meet that demand later this year,” added Parno.

“Together with Stirling, we are pleased to see that Victorville’s investment in major public infrastructure programs at the Southern California Logistics Airport is yielding a continued attraction of world-class companies, looking to do business cost effectively and increase local employment opportunities for our residents, said Gloria Garcia, Mayor of the City of Victorville.”

“The County of San Bernardino is pleased to be collaborating with Stirling in the effort to attract manufacturers and higher paying jobs to the High Desert,” said Robert A. Lovingood, Vice Chairman of the San Bernardino County Board of Supervisors. “We believe that the benefits of our regional labor force and strategic location, combined with the utilities and state-of-the-art real estate solutions provided by Stirling will continue to be major drivers of manufacturers moving into the area.”

Stirling Capital Investments has developed over three million square feet of Class A industrial space at SCLC. Build-to-suit opportunities ranging from 50,000 square feet to over 1,000,000 square feet are readily available with flexibility, expansion, expedited timing and environmentally conscious features in mind. SCLC along with the Southern California Logistics Airport (SCLA) and the

Southern California Rail Complex (SCRC) – which together make up Global Access Victorville – have generated approximately 2,400 of jobs in the region.

Global Access Victorville

Global Access Victorville is home to Boeing, Dr Pepper Snapple, Exel Logistics, Fastenal, FedEx, General Electric, Leading Edge, Newell Rubbermaid, Pacific Aviation Group, Plastipak Packaging, Pratt & Whitney, Red Bull, Sparkletts, Solar City Corporation and United Furniture Industries. 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. For more information, visit www.globalaccessvictorville.com.

 

About Stirling Capital Investments

Stirling Capital Investments is a joint venture between Stirling (www.stirlingdevelopment.com), a Foothill Ranch, Calif.-based strategic, full-service, value-added development company specializing in master-planned communities and major land renovations and Denver, Colo.-based DCT Industrial Trust Inc. (NYSE: DCT). 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 industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the U.S. and Mexico.

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