LOS ANGELES—Stirling Development is following manufacturing users and regional distribution companies to Victorville. The developer is developing a 370,023-square-foot industrial facility is located at Southern California Logistics Airport in Victorville, and the facility is already 47% pre-leased. The Victorville market has seen strong demand from manufacturing and regional distribution companies, and has good opportunities for developers. To find out more about the market, we sat down with Brian D. Parno, COO of Stirling Development, for an exclusive interview.
GlobeSt.com: What has Stirling been working on most recently at SCLA?
Brian D. Parno: During the last couple of years, we have been very busy, designing, building, and leasing two large industrial buildings, but also managing many lease renewals. Virtually all of our existing tenants are staying with us during the renewal process. In addition, we are actively planning for the next several development projects.
GlobeSt.com: What types of tenants are coming to the High Desert region and why?
Parno: We continue to see manufacturers and regional distribution companies considering the High Desert. Victorville is well positioned to serve the greater LA Basin, but has a definite advantage in terms of overall occupancy costs. Our tenants enjoy rents that are as much as 30% below quoted Inland Empire rates, but in addition, other factors such as NNN costs and employment wages significantly benefit our clients' operation costs.
GlobeSt.com: What benefits does this region provide to users?
Parno: Besides the huge cost savings in rent, we are situated in a pro-business friendly AQMD district. The Mojave Desert AQMD really steps in to assist our business partners with their occupancy and the regulations. Also, our tenants' employees enjoy a substantial increase in quality of life when they relocate to the High Desert, which is manifested via lower housing costs and shorter commute times. Therefore, almost all tenants report higher performance and productivity, performance, and employee retention.
GlobeSt.com: What are you plans for SCLA over the next five years?
Parno: We will continue to provide cost effective solutions for corporate America as well as regional tenants who need effective, institutional grade, state of the art buildings. We have a long list of projects in the pipeline and can accommodate users from 2 acres to 100 acres. We have tremendous flexibility and can deliver custom solutions that consider companies' long-term business plan. Working with both the City of Victorville and the County of San Bernardino, we share a pro-business attitude and can respond quickly and effectively to market opportunities and changes.
LOS ANGELES—Stirling Development is following manufacturing users and regional distribution companies to Victorville. The developer is developing a 370,023-square-foot industrial facility is located at Southern California Logistics Airport in Victorville, and the facility is already 47% pre-leased. The Victorville market has seen strong demand from manufacturing and regional distribution companies, and has good opportunities for developers. To find out more about the market, we sat down with Brian D. Parno, COO of Stirling Development, for an exclusive interview.
GlobeSt.com: What has Stirling been working on most recently at SCLA?
Brian D. Parno: During the last couple of years, we have been very busy, designing, building, and leasing two large industrial buildings, but also managing many lease renewals. Virtually all of our existing tenants are staying with us during the renewal process. In addition, we are actively planning for the next several development projects.
GlobeSt.com: What types of tenants are coming to the High Desert region and why?
Parno: We continue to see manufacturers and regional distribution companies considering the High Desert. Victorville is well positioned to serve the greater LA Basin, but has a definite advantage in terms of overall occupancy costs. Our tenants enjoy rents that are as much as 30% below quoted Inland Empire rates, but in addition, other factors such as NNN costs and employment wages significantly benefit our clients' operation costs.
GlobeSt.com: What benefits does this region provide to users?
Parno: Besides the huge cost savings in rent, we are situated in a pro-business friendly AQMD district. The Mojave Desert AQMD really steps in to assist our business partners with their occupancy and the regulations. Also, our tenants' employees enjoy a substantial increase in quality of life when they relocate to the High Desert, which is manifested via lower housing costs and shorter commute times. Therefore, almost all tenants report higher performance and productivity, performance, and employee retention.
GlobeSt.com: What are you plans for SCLA over the next five years?
Parno: We will continue to provide cost effective solutions for corporate America as well as regional tenants who need effective, institutional grade, state of the art buildings. We have a long list of projects in the pipeline and can accommodate users from 2 acres to 100 acres. We have tremendous flexibility and can deliver custom solutions that consider companies' long-term business plan. Working with both the City of Victorville and the County of San Bernardino, we share a pro-business attitude and can respond quickly and effectively to market opportunities and changes.
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