SAN BERNARDINO, Calif. – Hillwood has named Steve Palmer as Development Director for its AllianceCalifornia project in San Bernardino. Most recently Palmer served as Senior Development Director for Panattoni Development Company, completing major projects in the Inland Empire over the past five years. These projects include a 400,000 square-foot build-to-suit for Presidential Furniture and a million square-foot build-to-suit for Big 5 Sporting Goods.
Initially Palmer will be responsible for the development of InterChange, the 144-acre project along Interstate 215 in San Bernardino, and the 105-acre Hofer Ranch project at Ontario Airport. “Hillwood is fortunate to be able to add Steve Palmer and his vast experience to our AllianceCalifornia team,” said John Magness, senior vice president with Hillwood Investment Properties. “Steve will be invaluable as Hillwood continues to grow and develop high quality projects that bring jobs and economic development to the Inland Empire.” Since becoming master developer of AllianceCalifornia in December 2002, Hillwood has attracted Kohl’s, Mattel, Pep Boys and Stater Bros. to the development. Kohl’s and Mattel are Fortune 500 companies. Stater Bros. is listed on the Forbes List of Top Private Companies. Combined these companies will occupy more than 4.3 million square feet of new space and create approximately 2,700 jobs. Since 1975 Palmer has been responsible for the development of more than 1,900 industrial, office and retail buildings totaling in excess of 28 million square feet in California, Texas, Colorado and Georgia. He also has completed 25 build-to-suits, including an 800,000 square-foot building for Mattel Inc. in Chino, CA. Palmer was responsible for the development of the 150-acre mixed-use Tri City Corporate Centre in San Bernardino. After earning his degree in business administration from California State University – Fullerton in 1974, Palmer began his career as Vice President with Dunn Properties in Santa Ana. He also has served as Vice President of Marketing for Rancon Financial Corp. in Temecula, Marketing Manager for Lowe Enterprises Commercial Group in Los Angeles and Development Director for Majestic Realty in the City of Industry. Palmer is a founding member of the Inland Empire Chapter of NAIOP and was elected to the SIOR in 1994. He negotiated the first Memorandum of Understanding between the Fish and Wildlife Service and the counties of Riverside and San Bernardino regarding the Delhi Sand Fly. AllianceCalifornia features outstanding access to air, highway and rail; Foreign Trade Zone status; 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 10 commercial real estate developers in the country and the top residential developer in Dallas-Fort Worth. The company is recognized for its high-profile projects and public-private ventures that bring tremendous value to its customers and partners. In addition to AllianceCalifornia, Hillwood (www.hillwood.com) is best known for its development of AllianceTexas and the $420-million American Airlines Center and Victory district near downtown Dallas. # # #News Article | 4/19/2005