One of the world's largest confectionary companies has signed a 10-year, $17.5 million lease for 495,000 square feet at 13133 Innovation Way in Victorville, CA.
Distribution Centre I is a 1 million-square-foot warehouse and distribution building within the Southern California Logistics Center (SCLC), a master-planned, 60 million-square-foot commercial and industrial development with airport access. The building was constructed in 2008 on 47 acres in the North San Bernardino submarket as part of the 6.5 million-square-foot first phase.
"This newly constructed distribution center provides the tenant with a strategic location and optimal flexibility to accommodate the distribution of its family of iconic products to retailers throughout the Southwestern United States," said Brian Parno, chief operating officer of Stirling Development, the managing partner of building owner, Stirling Capital Investments. He added, "Many large, multinational companies are making a long-term commitment to SCLC and the Victor Valley."
The multi-billion dollar firm joins an impressive list of food and beverage companies within SCLC including Red Bull, Dr. Pepper Snapple Group, Sparkletts, ConAgra Foods and Plastipak.
John McMillan and Phil Lombardo of Cushman & Wakefield represented the tenant. Jay Dick, Mark Latimer and Darla Longo of CB Richard Ellis represented Stirling Capital Investments in the transaction.