Stirling Development Marks Construction Milestone at Southern California Logistics Airport

  

Distribution Center 18 (DC 18), Victorville, CA

Mayor Gloria Garcia

VICTORVILLE, CA  – March 22 marked a significant construction milestone for Stirling Development as walls were set in place on Distribution Centre 18 (DC 18).

The entire Stirling Development team, City of Victorville and County of San Bernardino officials, 70 on-site construction workers, in addition to other guests took part in the event. Short speeches were given by Dougall Agan, CEO of Stirling Development; Victorville Mayor, Gloria Garcia; and San Bernardino County Supervisor, Robert Lovingood.

Anticipated for completion this summer, the under construction 370,023-square-foot industrial facility is located 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 in Victorville. 

The facility is already 47 percent pre-leased to Plastipak Packaging, Inc., a world leader in the design and manufacture of high-quality, rigid plastic containers for the food, beverage, and consumer products industries. A lease for the remainder of the building is out for signature with an undisclosed tenant.

As a testament of tenant satisfaction and abundant growth opportunities in the High Desert, Plastipak currently occupies approximately 312,000-square feet within SCLA including two small warehouse locations and one 296,490-square-foot manufacturing facility. After their expansion to DC 18 in July, Plastipak will extend its leased occupancy to more than 486,000 SF at SCLA.

Dougall Agan

“Stirling is pleased to make one more advancement in reaching our vision of making the High Desert region a dominant hub for manufacturing and logistics on the West Coast,” said Agan. 

“The abundant opportunity for growth, adjacent logistics corridors, in-place infrastructure and pro-business initiatives from the City of Victorville and the County of San Bernardino are all factors that are feeding into the expansion of existing companies here, as well as new users choosing to make this region home.”

Agan added: “The High Desert has virtually no vacant Class A industrial space which is further validated by the preleasing of DC 18. SCLA can provide big box lease opportunities in the $.30-.32 triple-net range which is two-thirds the cost of facilities in the greater Inland Empire.” 

“When fully occupied, Distribution Centre 18 is anticipated to generate approximately 200 new jobs and an estimated total of 700 ancillary jobs within the region,” said, Supervisor Lovingood. “We support the City and Stirling in sharing a strong commitment to the growing the economy in the Victor Valley over the next decade.”

“Just eleven months ago, we celebrated the wall tilting on Distribution Center 13B at SCLA,” said Victorville Mayor Garcia. “Having construction start on another large-scale industrial facility so quickly really speaks to Victorville’s promise and SCLA’s emergence as the location for industrial development in the region.”

 For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

 www.stirlingdevelopment.com

Brookfield Residential Debuts New Distinctive Home Designs by KTGY Architecture + Planning at Kissing Tree, a Unique 55+ Community in San Marcos, TX

Model Home at Kissing Tree Development in San Marcos, TX

 

Manny Gonzalez

LOS ANGELES, CA —International award-winning firm KTGY Architecture + Planning is pleased to announce that KTGY’s new distinctive home designs targeting the needs of today’s discerning active adults were recently unveiled at Kissing Tree in San Marcos, Texas.

 Kissing Tree is the first baby boomer, master-planned community, for those 55 and better by Brookfield Residential Properties, and the first of its kind in San Marcos. 

The 3,200-home community is located on 1,332 acres in Central Texas, halfway between San Antonio and Austin in the heart of the Texas Hill Country.

According to Manny Gonzalez, FAIA, LEED AP, managing principal of KTGY’s Los Angeles office and head of the firm’s 55+ studio, “We designed the Colby, Emerson and Clarkson plans to appeal to a wide variety of 55+ consumer preferences. Homebuyers have lots of options at Kissing Tree -- not only on the inside of the home, but also what they want their home to look like on the outside.”

Edjuan Bailey

KTGY designed five very distinct architectural styles: Modern Farmhouse, Texas Hill Country, Contemporary, Santa Barbara and Traditional. 

Additionally, each architectural style offers exterior options. Gonzalez kiddingly said, “You won’t find the typical ‘salad dressing’ variety of architecture here (ie., French, Italian and Ranch)!”

The homes blend great looking exteriors with Universal Design and enhanced living spaces on the inside, notes Gonzalez. 

“Buyers can personalize their new home to fit their needs and lifestyle like adding an expanded cover patio, a den or study or a Casita for entertaining, as guest quarters, home office or hobby room.”

Gonzalez also points out that the laundry room has been moved from its traditional location at the entry point from the garage to a more useful location adjacent to the master suite closet or dressing area. This accomplishes two things: it creates an “owner’s entry” into the home with only one door to go through that can also feature a drop zone to lay down keys, mail and cell phone often with a recharging station.

“Since the home is generally occupied by only the 55+ owners, having the laundry room adjacent to the master suite allows for the opportunity to provide a “horizontal laundry chute” so that the owners don’t have to lug the only real laundry they generate through the house to the old laundry room location anymore.

Scott Turner

The Colby, Emerson and Clarkson homes offer spacious floor plans from 1,850 square feet to 2,957 square feet. Home prices will range from approximately $275,000 to $500,000.

“Kissing Tree offers what today’s active adults want in both a home and in a community: homes that incorporate Universal Design and indoor-outdoor living, and have so many choices that the homes feel nearly like a custom home; plus being located in a resort-style, walkable community with trails and activities so it is a ‘staycation’ every day,” Gonzalez exclaimed.

“Active adults are excited about the Kissing Tree community,” Edjuan Bailey, vice president of marketing at Brookfield Residential Texas, said. 

“So far, we have welcomed visitors from all over the country, including Maui, Boston, Los Angeles and many other cities across Texas. And, we are just getting started. Our golf course and many other amenities will open later this year.”

“We have enjoyed working with KTGY Architecture + Planning on Brookfield Residential’s first baby boomer-centric new home community,” Scott Turner, general manager of Kissing Tree, said.

“Together, we collaborated to deliver thoughtful designs specifically geared to the 55+ community, and we think our residents will genuinely feel at home. Our visitor numbers have been tremendous at Kissing Tree. Since the community opening, more than 300 prospects have signed up for the reservation program to select their lot and home site.”

KTGY is an international full-service Architectural Design and Planning firm. With nearly 400 people in 7 offices, working in 28 states and 12 countries.

For a complete copy of the company’s news release, please contact:

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.ktgy.com.

http://ktgy.com

KTGY An Architectural Design and Planning Firm

ktgy.com

www.BrookfieldResidential.com.

www.KissingTree.com

 www.Texas.BrookfieldResidential.com

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Hanley Investment Group Completes Sale of Two Multi-Tenant Pad Transactions in Kansas City Metro Area

Truman's Marketplace Power Center, 12410 South U.S. Highway 71 (Interstate 49),
Grandview, MO

 

Jeff Lefco

CORONA DEL MAR, CA – Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of two new construction multi-tenant pad buildings in separate transactions in the Kansas City metro area.

 The total purchase price for both properties was $5,430,000.

Hanley Investment Group Associate Jeff Lefko, along with Executive Vice President Bill Asher, negotiated the sale of a new construction 8,000-square-foot multi-tenant pad building at Truman's Marketplace, a regional power center anchored by Price Chopper, TJ Maxx, Ross Dress for Less, and Burlington Coat Factory in Grandview, Missouri.

Built in 2016 on 0.93 acres, the building is located at 12410 South US Highway 71 (Interstate 49). The three tenants occupying the 100-percent-occupied building are T-Mobile, McAlister's Deli and KC Speed Nails.

Bill Asher

The buyer, a private investor from Thousand Oaks, California, was represented by John Stafford of Colliers International. The seller, a private developer also from Kansas City, was represented by Lefko and Asher.

 The sale price was $3,400,000, representing the lowest cap rate and highest price per square foot in the region for a multi-tenant pad without a corporate tenant.            

“We were able to generate five all-cash offers and procured a California-based 1031 exchange buyer,” said Lefko. “We negotiated a 10-day due diligence period and quick close before all of the tenants were open for business.” 

Located 14 miles south of downtown Kansas City, the property is highly visible to over 82,000 cars per day along Highway 71 (I-49). More than 96,000 households and 240,000 people are in a five-mile radius of the property.

John Stafford

“There were many factors which were attractive to a prospective buyer,” said Asher. “This is a great freeway-visible location in a newly redeveloped regional power center with strong demographics and, consequently, the property sold for 10 percent higher than seller's proforma disposition price.”

In an off-market transaction, Lefko and Asher also negotiated the sale of a 6,360-square-foot newly-renovated multi-tenant pad building situated on .58 acres along a major retail corridor in Raytown, Missouri.

Built in 2015, the 100-percent-occupied building is located at 9105 East 350 Highway in Raytown, nine miles from downtown Kansas City. 

The property is occupied by three tenants: AT&T, Domino’s and Great Clips. Lefko and Asher represented the buyer, National Realty Group, Inc. based in Los Angeles.

 The seller, a private developer based in Kansas City, represented itself. The sale price was $2,030,000.

“We identified an off-market property for a 1031 exchange buyer with 15 days left to find a property. We were also able to procure a better-than-market financing through a local relationship bank,” said Lefko. 

  

For a complete copy of the company’s news release, please contact:

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.hanleyinvestment.com