News Article | 2/26/2008

ODW LOGISTICS LEASES 339,980 SQUARE FEET IN HILLWOOD’S ALLIANCECALIFORNIA DEVELOPMENT

SAN BERNARDINO, Calif. – Hillwood has leased 339,980 square feet in Westgate Building One in its AllianceCalifornia development in San Bernardino to ODW Logistics, a Columbus, Ohio-based provider of logistics and transportation services.

“As well as being complimentary to our facility in Chino, California, this new location now positions ODW in the Inland Empire region of Southern California to service port-focused markets on the western edge of the Inland Empire,” said John Ness, president of ODW Logistics, Inc. “In addition, it also positions us to service Eastern Inland Empire markets seeking a closer proximity to eastern shipping points at lower real estate operating costs.”

The 1,140,200 square-foot Westgate Building One, located at 310 South Tippecanoe Street, was completed in two phases. ODW Logistics will occupy most of the 540,480 square-foot speculative expansion that was completed in 2006. The 600,240 square-foot first phase was completed in 2005 as a build-to-suit for Pep Boys.

“The selection of AllianceCalifornia by ODW Logistics, a leading logistics provider whose job is to find the most efficient means of distributing goods for its customers, is a great endorsement for the development,” said John Magness, senior vice president of Hillwood Investment Properties. “The strength of AllianceCalifornia and the surrounding area as a distribution hub is a major reason why Hillwood is underway on the most aggressive speculative building program in the Inland Empire.”

ODW Logistics was represented by Al Leon of Leon Brothers. Hillwood was represented by Peter B. McWilliams, Ruben V. Goodsell and Michael McCrary of Colliers International.

Since December 2000, when Hillwood was selected as the master developer of the development, AllianceCalifornia has attracted many global industry leaders. In addition to ODW Logistics, the development now houses major facilities for Kohl’s, Mattel, Stater Bros., Pactiv, Medline and Pep Boys. Over the past seven years, more than 7.8 million square feet have either been built or are under construction and close to 3,000 new jobs have been created at AllianceCalifornia.

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.

ODW Logistics, Inc. (http://www.odwlogistics.com/) is a multi-regional third-party logistics provider with a primary campus in Columbus, Ohio and several distribution points located throughout the country in Indianapolis, Chicago, Milwaukee and Los Angeles. With more than 700 employees and over three million square feet of warehouse space, ODW provides unparalleled distribution, fulfillment, import logistics, yard management, and automotive support services. ODW is an asset-based provider offering highly responsive, personal service to a variety of customers ranging from international Fortune 500 companies to locally owned and managed companies. ODW serves the unique needs of diverse industries including retail, electronics, medical devices, food and apparel.

Including two buildings at AllianceCalifornia, Hillwood will complete 12 industrial buildings totaling 5.7 million square feet in four different developments in the Inland Empire by the end of 2008. Two of the buildings are build-to-suits for Michelin and FedEx. The others are speculative buildings. The developments include InterChange Business Park, North San Bernardino Industrial Park and AllianceCalifornia in San Bernardino, and Hofer Ranch at Ontario Airport.

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 89 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.

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