VICTORVILLE, CALIF. – (May 23, 2019) – Stirling Capital Investments announces today the completion of a 466,255-square-foot building expansion for Newell Brands (NYSE: NWL) at Southern California Logistics Airport (SCLA). The expansion space was completed ahead of schedule and is Newell’s second expansion at this building since it signed its original lease for 407,600 square feet in 2006, bringing the new building to total size to 1,050,667 square feet.
“Newell’s business has grown rapidly at SCLA over the last several years,” said Brian Parno, COO of Stirling Development. “This is one of the few regions in Southern California where tenants can expand in place and take advantage of the affordability and logistical advantages the Inland Empire’s High Desert region provides.”
Newell Brands received its certificate of occupancy for the expansion space at SCLA’s Distribution Centre 3 eight months after signing a 10-year lease extension in July 2018, making the building’s delivery date 2 weeks early despite the difficult weather experienced this winter. The building now features 78 dock high doors with a 32-foot-clear height. Newell first expanded its footprint at SCLA in 2012, adding 176,800 square feet, for increased regional and national distribution of Newell products. Lease terms will have Newell in the new building through 2029.
“We could not have expedited this project without the City of Victorville’s pro-business attitude, working closely with our dedicated team of contractors and consultants,” said Dougall Agan, President, and CEO of Stirling Development. “Victorville is one of the most business-friendly cities in Southern California, and it’s partnerships like these that allow for swift construction deliveries, and cost-effective, high-quality facilities.”
Newell’s expansion at SCLA is a testament to the continued economic growth in the region. Completion of this expansion brings Newell’s total square footage occupied at SCLA to over 1.4 million square feet, while continuing to add more jobs to the local economy. “Stirling Development is an essential partner in the economic growth and prosperity of the High Desert,” stated County of San Bernardino Supervisor Robert Lovingood. “Stirling’s vision, continued investment and hard work directly benefits the region by attracting and retaining of the companies that create jobs here in our community.”
Stirling has completed more than 4.5 million square feet of Class-A industrial warehouse and distribution facilities at SCLA. In addition to Newell Brands, the parent company for brands such as Rubbermaid®, Graco ®, Mr. Coffee®, Food Saver®, Yankee Candle® and Sharpie®, other corporate tenants at SCLA include Plastipak Packaging, Dr. Pepper / Snapple, Red Bull, Mission Foods, Sparkletts, General Electric, FedEx and more.
ABOUT STIRLING DEVELOPMENT
Stirling Development is a Foothill Ranch, Calif.-based strategic, full-service, value-added development company specializing in master-planned communities and major land renovations. 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. As of August 2018, Stirling’s joint venture partner for SCLA is Prologis, Inc., the global leader in logistics real estate. For more information, visit www.stirlingdev.com.
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