News Article | 5/13/2008

Hillwood Opens 2M-SF, 144-Acre Business Park

SAN BERNARDINO, CA-Texas-based Hillwood Properties has opened its two-million-sf InterChange Business Center, a 144-acre project comprising six recently completed industrial buildings. The center, which includes an 801,581-sf build-to-suit for Michelin, includes a street named Mike Daley Drive that was dedicated in honor of the late Colliers International broker who represented InterChange Business Center and other Hillwood projects in the Inland Empire during his 28 years as a commercial real estate broker, primarily working in the San Bernardino area.

Five of the buildings at InterChange Business Center have been certified to meet LEEDS standards and are some of the first industrial buildings in the Inland Empire to earn such status. The five buildings total 1.25 million sf and range from 94,108 sf to 448,108 sf.

The site of the new project is along the west side of Interstate 215 approximately two miles north of the new interchange with Interstate 210. The site underwent extensive remediation to render it suitable for development because it formerly was a military site that was used for the storage, packing and testing of incendiary bombs and as a facility for manufacturing composites used in water softening.

The InterChange Business Center is the result of a pubic-private partnership between the city of San Bernardino’s Economic Development Agency and Hillwood to redevelop the property. The economic development agency, Hillwood and the San Bernardino Municipal Water District also worked together on a four-million-gallon water reservoir that is designated for fire suppression.

John Magness, a senior vice president with Hillwood, says that the new project is part of 12 industrial buildings totaling 5.7 million sf that Hillwood will have developed between 2007 and 2008. The other buildings are located in North San Bernardino Industrial Park and AllianceCalifornia in San Bernardino, and Hofer Ranch at Ontario Airport.