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5/11/20
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We’ve learned of three major lease deals at Stirling Capital Investments’ Southern California Logistics Airport in Victorville. The transactions were completed with The Boeing Company, United Furniture Industries (UFI) and ComAv Asset Management, and highlight the meaningful operational, workforce, and expansion benefits to high-caliber companies locating at the regional business and logistics hub.
The Boeing Company signed a 66-month lease for 60.4k sf at 13644 George Ave. The company will complete machine tooling work at the facility for its aircraft maintenance programs, relocating this business unit from its former site in Orange County to support existing Boeing operations at SCLA.
Mark Kegans of Newmark Knight Frank represented the tenant. Anita Tuckerman, Stirling’s vice president of asset services, completed the transaction directly for the landlord.
In another deal, United Furniture Industries (UFI) of Mississippi, a recognized national provider of bonded leather and upholstery fabric recliners, sofas, recliners, loveseats and sectionals, renewed its lease of a 505k sf facility at the complex. UFI began their manufacturing operations at this facility in 2011 and renewed their lease, effective November 2020, for an additional three years. UFI currently employs more than 300 full time workers at this facility, which serves as the company’s west coast base of operations.
Joseph Brady of The Bradco Companies represented UFI, while Dedrik Pharis and Jay Dick of CBRE represented Stirling in this transaction.
In the third transaction, ComAv Asset Management signed a six-year lease extension for the company’s corporate headquarters location at 18499 Phantom West. A solid anchor of the Business Center since its inception in 2009, the company provides aviation maintenance and asset management services. The firm’s business at SCLA has expanded significantly following the COVID-19 outbreak, with ComAv Asset Management now hosting and maintaining over 200 airplanes onsite.
This third lease transaction was negotiated by SCI directly with ComAv Asset Management’s ownership group.
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