SAN BERNARDINO, CA-Hillwood Investment Properties, the Texas-based company that is the master developer of the AllianceCalifornia project at the former Norton Air Force Base, has kicked off construction on the first speculative industrial building at the development. The building will total nearly 914,000 sf, according to Hillwood, and will be part of nearly 5.8 million sf that has been developed at the site since December 2000. The new facility is called the Gateway North 1 building and is at 786 E. Central Ave. Hillwood expects to complete it in September. Hillwood is “confident that the speculative space in the Gateway North 1 building will be absorbed by the end of the year,” says John Magness, SVP of Hillwood Investment Properties. One prospective tenant has already committed for a majority of the building, where about 300,000 sf remains available, according to Magness. Hillwood did not disclose who the major tenant will be. Listing agents for the new building are Peter McWilliams, Michael Daley and Ruben Goodsell of Colliers International’s Ontario office. The new building will be the latest in a series of warehouse and distribution facilities at AllianceCalifornia that house companies including Kohl’s Department Stores, the Mattel toy company, Stater Bros. supermarkets, the Pep Boys auto supply chain and Medline, a medical supply company that is building a 405,000-sf distribution facility on 20 acres. The Kohl’s warehouse is a 600,000-sf facility, Mattel’s is 1.2 million sf and the Stater Bros. distribution facility totals 1.8 million sf. The AllianceCalifornia project totals 2,000 acres of the former Norton Air Force Base land, where Hillwood’s plans call for the development of approximately 14 million sf of industrial space and logistics buildings.
News Article | 4/14/2006