Stirling Development Announces 466,255 sf lease expansion for Newell

Lease expansion underscores continued economic growth and will bring building total to more than 1 million square feet

VICTORVILLE, CALIF. – (June 26, 2018) – Stirling Development today announces it has executed a lease expansion with Newell Brands (NYSE: NWL) for an additional 466,255 square feet at Southern California Logistics Airport (SCLA), an 8,500-acre multimodal freight transportation hub which includes a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development. This is Newell’s second expansion since it signed its original lease for 407,600 square feet in 2006, bringing the newest building to total of 1,050,667 square feet.

“Newell’s expansion at SCLA is a testament to the continued economic growth and logistical advantages of locating in the Inland Empire’s High Desert region,” said Brian Parno, Chief Operating Officer of Stirling Development. “We believe the affordability of high quality facilities and availability of land are major factors in the continued demand for industrial space at Southern California Logistics Centre.”

Stirling will break ground the first week of July on the expansion at Distribution Centre 3 (DC 3) and expects Newell to take full occupancy in March 2019. Once complete, the building will feature 78 dock high doors with a 36-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.

“We are excited to partner again with Stirling Development for Newell Brands’ expansion,” said Keith Metzler, Victorville City Manager. “In my 22 years of serving this city, I have seen demand for space trend upward as more companies look for cost effective real estate solutions.” Stirling has developed nearly 4.5 million square feet of Class A industrial warehousing and manufacturing facilities at Southern California Logistics Centre. Located in Southern California at the high-point between Los Angeles and Las Vegas, Victorville is the leading city for both industry and retail in the High Desert region. Victorville is a growing community with affordable housing and nearly 120,000 residents, making it an attractive location for manufacturing and distribution users.

“Stirling’s ongoing development in Victorville has brought thousands of jobs to our community, and has spurred growth across the High Desert,” said Robert Lovingood, Chairman of the San Bernardino County Board of Supervisors. As a testament to this economic growth, New housing starts in the High Desert in 2017 increased by 17.4 percent over the previous year, according to a recent report provided by Coldwell Banker President Chris Lamoreaux.

“We have experienced ongoing demand to build new facilities in SCLA for the last 10 years,” said Dougall Agan, president and CEO of Stirling Development. “The economic growth, logistical advantages and low cost of real estate make the High Desert one of the best distribution locations for major corporations in Southern California.

In addition to Newell Brands, the parent company for brands such as Rubbermaid®, Mr. Coffee®, Food Saver®, Yankee Candle® and Sharpie®, corporate tenants at SCLA include Plastipak Packaging, Dr. Pepper / Snapple, Red Bull, Mission Foods, Sparkletts, General Electric, FedEx and more.

“The caliber of companies that select SCLA for a distribution hub is a testament to the region’s advantages,” said Parno. “We look forward to continuing to build out this space and support the growing community.” Jay Dick and Dedrik Pharis of CBRE handled leasing on behalf of Stirling Development.

Southern California Logistics Airport

Southern California Logistics Airport (SCLA) is home to Arden ™ Companies, Boeing, Dr. Pepper / Snapple, Exel Logistics, Fastenal, FedEx, General Electric, Leading Edge, Newell Brands, ComAv, Plastipak Packaging, Pratt & Whitney, Red Bull, Sparkletts, Solar City Corporation and United Furniture Industries. SCLA, 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 which includes a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development. Stirling Development and the City of Victorville have teamed up to redevelop SCLA, 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.

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. Stirling’s joint venture partner for SCLA is Denver, Colo.-based DCT Industrial Trust Inc. (NYSE: DCT). 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. For more information, visit www.stirlingdevelopment.com.