Stirling Development Announces Construction Milestone at Southern California Logistics Airport

Newell Brand’s Distribution Center Expansion Sees Walls Tilting with Expected Q1 Completion

VICTORVILLE, CALIF. – (October 16, 2018) – Stirling Capital Investments today announces it has reached a major milestone in the development of the lease expansion to accommodate the growth of tenant Newell Brands (NYSE: NWL) at Southern California Logistics Airport (SCLA). Late last week, Stirling marked the occasion with a wall tilting celebration that attracted prominent figures including Mayor Gloria Garcia, representatives from Supervisor Robert A. Lovingood’s office, and the individuals associated with the construction of the project.

“This expansion project is on a fast-tracked timeline to completion, and that wouldn’t be possible without the pro-business nature of the City of Victorville and our team of dedicated contractors and consultants,” said Dougall Agan, president and CEO of Stirling Development. “It’s partnerships like these that allow for swift construction schedules, and cost-effective, high-quality facilities.”

In July, Stirling and Newell Brands signed a 466,255-square-foot lease expansion at the Distribution Centre 3 (DC 3) at SCLA, bringing the total building size to 1,050,667 square feet. Norm Wilson & Sons is the general contractor for the DC 3 expansion and is on track to complete the project in time for a March 2019 occupancy. Newell plans to add 30 more warehouse jobs to the local economy with the completed expansion.

Don Holland, Policy Advisor for First District Supervisor Robert Lovingood at County of San Bernardino, second from right presents (from left to right) Brian Parno, Anita Tuckerman and Dougall Agan with a certificate of recognition.

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.stirlingdevelopment.com.

ABOUT PROLOGIS

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of September 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 771 million square feet (72 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,500 customers across two major categories: business-to-business and retail/online fulfillment.