Stirling Capital Investments Kicks Off 2014 with a Series of Leases and Spec Office Build Out Activity at Southern California Logistics Centre in Victorville, CA

Mar 19, 2014

VICTORVILLE, CA (March 19, 2014) – Stirling Capital Investments announced a positive start to 2014 with a series of leases and spec office build out activity at the Southern California Logistics Centre (SCLC), a 2,500-acre industrial and commercial complex in Victorville, Calif. Solar City Corporation, a national leader in clean energy services, signed a new four-year, 7,359-square-foot lease. Existing tenant Pacific Aviation Group, a leader in commercial aerospace offering aircraft leasing, aircraft overhaul and repair, and aircraft replacement parts, extended and expanded its existing lease to 119,128 square feet of space for six years, and Southern California Aviation, a commercial aerospace company specializing in the transition, reconfiguration and redeployment of aircraft for commercial and private customers, renewed its long-term lease of a 55,000-square-foot space for an additional five years. Additionally, Stirling Capital Investments has commenced the build out of office in its two remaining vacant facilities to meet strong, immediate market demand in the High Desert market.

“We continue to attract stellar tenants and are now at 99 percent occupancy,” said Stirling Capital Investments’ Chief Operating Officer Brian Parno. “Our facilities offer premium features which are rare in the High Desert market and Southern California Logistics Centre provides an optimal location for leading-edge companies to conduct business.” 

Solar City Corporation brings its first venture into the High Desert to SCLC, where it will conduct operations for its clean energy programs. The firm makes clean energy available to homeowners, businesses, schools, non-profits and government organizations, offering prices lower than the average spent for energy generated from traditional fossil fuels such as coal, oil and natural gas.  The company is headquartered in San Mateo, California and serves thousands of customers across 14 U.S. states. Stirling Capital Investments’ Director of Asset Services Anita Tuckerman represented Stirling and John Grady of Cushman & Wakefield’s Phoenix office represented Solar City Corporation in the lease transaction.

Pacific Aviation Group, expanding their existing 58,732-square-foot premises, effectively doubled the size of its facility with an additional 60,396 square feet for a space now totalling 119,128 square feet. The firm also extended its lease for an additional 72 months. Occupying space in Global Access Business Centre, Pacific Aviation Group conducts both corporate office and warehouse functions at the facility. Anita Tuckerman represented both parties in the transaction.

“Southern California Logistics Centre offers a prime location with direct access to the region’s aviation industry as well as state-of-the-art facilities,” said CEO Craig Garrick of Pacific Aviation. “This has been a great place for us to operate and grow our business over the past twelve years.”

In a third lease transaction, existing tenant Southern California Aviation renewed its long-term lease extending the term of its 55,000-square-foot space for an additional five years. The space is utilized as an operational hub for the firm’s specialized transitional facility for commercial aircraft. Anita Tuckerman represented both parties in the transaction.  

To respond to the flurry of lease activity and the continued demand for space, Stirling Capital Investments has also announced plans to build out spec office space within its two remaining multi-tenant units at the Global Access Business Centre complex. Once construction is complete, the buildings will feature full warehouse capabilities with “move-in ready” office space included. The new suites will each total between 3,800 – 5,500 square feet of space.

“We are building out this space to meet immediate demand in the marketplace.” said Tuckerman. “Global Access Business Centre has witnessed tremendous leasing activity recently, and we are thrilled with the caliber and cross section of tenants who have selected SCLC as their High Desert base of operations.”

Global Access Victorville

Global Access Victorville is home to Boeing, Dr Pepper Snapple, Embry-Riddle, Excel Scientific, Exel Logistics, Fastenal, FedEx, General Electric, Leading Edge, Million Air, Modern Space Pacific Services, Newell Rubbermaid, Nordam Group, Pacific Aerospace, Pacific Aviation Group, Plastipak Packaging, Pratt & Whitney, Product Systems, Red Bull, Sparkletts, Southern California Aviation, Stoody Industrial, United Furniture Industries, and Vivint Solar.  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.