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3/21/19
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Stirling Development has entered into a joint venture with Prologis, who will take over as 50% capital partner for Stirling Capital Investments. Together, the two companies plan to continue the build-out of the Southern California Logistics Airport (SCLA) in Victorville. SCLA is an 8,500-acre multimodal freight transportation hub supported by air, ground and rail connections that includes a 2,500-acre commercial and industrial complex entitled for 60 msf of development. Stirling will be responsible for development management and asset management for the venture and is currently planning the next phase of SCLA.
“Several of Prologis’ global customers already lease facilities at SCLA, and this partnership shows their confidence in the future growth of the project,” noted Dougall Agan, president and CEO of Stirling Development. “The logistical advantages and low cost of occupancy make the High Desert one of the best distribution locations for major corporations in Southern California.”
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