SAN BERNARDINO, Calif. – Hillwood has promoted Ned Sciortino to Vice President of Development for Hillwood Investment Properties. In his new capacity, Sciortino will oversee entitlements, design, quality control and permitting for all of the company’s projects in the Inland Empire in Southern California. In his previous capacity as Development Director for Hillwood Investment Properties, Sciortino oversaw individual projects in the Inland Empire.
Recently Hillwood announced its most aggressive building program in the Inland Empire with plans to develop 12 industrial buildings totaling 5.7 million square feet by the end of 2008. Currently 10 buildings of more than 4.3 million square feet are under construction.
“Ned has been responsible for much of Hillwood’s success with AllianceCalifornia, InterChange Business Park and other projects in the Inland Empire,” said John Magness, senior vice president of Hillwood Investment Properties. “He has earned a great reputation in the market with our customers and the cities in which we develop. Ned makes even the toughest projects seem easy.”
Sciortino joined Hillwood in October 2003. Since that time the company has developed more than 3.6 million square feet, including build-to-suits of 1.2 million square feet for Mattel and 600,240 square feet for Pep Boys, at AllianceCalifornia. He has more than 30 years of development experience, including a stint with SARES-REGIS Group prior to joining Hillwood.
Currently under construction in the Inland Empire are an 801,581 square-foot build-to-suit for Michelin, as well as five speculative buildings totaling another 1.2 million square feet at Interchange Business Park in San Bernardino. A 184,641 square-foot build-to-suit for FedEx is under construction in the 125-acre North San Bernardino Business Park, where two speculative buildings totaling 1.4 million square feet will be completed by the end of 2008. Two speculative buildings totaling 1.5 million square feet are under construction at AllianceCalifornia in San Bernardino. A 644,856 square-foot speculative building also is under construction at Hofer Ranch at Ontario Airport.
In addition Hillwood’s Inland Empire projects include Vintners Grove Office Park in Ontario and Renaissance Rialto, which are both joint ventures with the Lewis Group.
Hillwood began developing in the Inland Empire in 2000, when it was named master developer of the former Norton Air Force Base. Since that time, 6.4 million square feet have either been built or are under construction and close to 3,000 new jobs have been created at what is now called AllianceCalifornia. The development has attracted facilities for global industry leading companies, including Kohl’s, Mattel, Stater Bros., Pactiv, Medline and Pep Boys.
Hillwood, (www.hillwood.com) a Perot company, is ranked as one of the top commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company’s developments currently house facilities for 85 companies listed on either the Fortune 500, Global 500 or Forbes List of Top Private firms. In addition to AllianceCalifornia, Hillwood is best known for its development of the 17,000-acre AllianceTexas project, located 15 miles northwest of DFW Airport, and the $420-million American Airlines Center and Victory district near downtown Dallas.# # #