SAN BERNARDINO, Calif. – Hillwood has begun construction on the first speculative building in the AllianceCalifornia development in San Bernardino. The 913,726 square-foot Gateway North 1 building, which is located at 786 E. Central Ave., is scheduled to be completed in September 2006.
“Due to the many advantages of AllianceCalifornia and the tremendous amount of activity in the market, Hillwood is confident that the speculative space in the Gateway North 1 building will be absorbed by the end of the year,” said John Magness, senior vice president of Hillwood Investment Properties. “We’ve had great interest in the building and already have a customer committed for a majority of the facility. We still have more than 300,000 square feet available for perspective customers. “An aggressive speculative building program has been an important growth strategy for Hillwood for many years. This philosophy led to a surge of growth at AllianceTexas that began in the mid-1990s and still continues today.” Including the Gateway North 1 building, Hillwood has more than 2.1 million square feet of speculative space under construction across the country. The Gateway North 1 building is being marketed by Peter B. McWilliams, Michael J. Daley and Ruben V. Goodsell of Colliers Seeley. For more information contact their Ontario office at 909-605-9400. Since December 2000, when Hillwood was selected as the project’s master developer, 5.8 million square feet have either been built or are under construction at AllianceCalifornia. During that time 2,865 new jobs also have been created in the development. AllianceCalifornia has attracted facilities for some of the world’s best corporations. Each of the five companies at AllianceCalifornia are ranked either among the top public companies by Fortune magazine or on the Forbes List of Top Private Firms. Kohl’s (166), Mattel (416), Stater Bros. Grocers (558) and Pep Boys (752) are listed among Fortune’s top 800 companies. Medline is 163rd on Forbes List of Top Private Companies. AllianceCalifornia features outstanding access to air, highway and rail; Foreign Trade Zone status; tax incentives; and is located in one of the top industrial markets in the nation. The project is close to Interstates 10, 210 and 215, is within two miles of a large intermodal rail facility and is anchored by San Bernardino International Airport. The development also is close to commercial passenger air service at Ontario International Airport, one of the country’s fastest-growing facilities. Hillwood, 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 81 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 development, located 15 miles northwest of DFW Airport and the $420-million American Airlines Center and Victory district near downtown Dallas. # # #News Article | 4/13/2006