Business Facilities - June 2008 - (Page 31)

for several of its Fresh & Easy Neighborhood Markets. Two years ago, Tesco Stores West, Inc., a wholly owned subsidiary of Tesco PLC, began building an 820,400-square-foot distribution facility on 88.4 acres at Meridian Business Park in Riverside County. With low vacancy rates for industrial property in coastal communities and international trade activity in Southern California expected to grow nearly 14% this year, Riverside County is expected to remain at the center of robust commercial real estate activity for the next couple of years. “With a global identity inexorably linked to the distribution of goods, the Inland Southern California industrial market still enjoys a rampant building cycle, whether it’s Fortune 500 companies establishing customtailored warehouses in the area, or developers—vying for market share— building massive business parks on a speculative basis,” according to a second-quarter 2007 report by Grubb & Ellis. “As a result, Inland Southern California topped all national markets by a long shot with 24.2 million square feet in the pipeline; about twice as much as runners-up DallasFort Worth and Chicago.” As such, the region is the first choice for companies seeking the ideal location. DHL, a major freight forwarder, is located in Riverside County at March Air Reserve Base. Ross Dress for Less regional distribution center has grown to more than 2.2 million square feet, and Lowe’s, Walgreens, Pepsi, and Big Five all have facilities along the I-215 corridor. Europe. The country has an open, export-driven economy based on sound fundamentals that allow the government to pursue a growth-oriented and business-friendly tax policy. The availability of a highly skilled, multilingual workforce, easy access to decision makers, and efficient communication and transportation infrastructures reinforces Luxembourg’s position as a compet- itive European hub for the export of goods and services. Luxembourg is fully integrated into the European Union (EU) common market, yet offers commercial neutrality. It is the ideal gateway to the European market and its 500 million consumers. As much as 79% of the EU’s GDP lies within a 500mile radius—a day’s truck ride. During the past 10 years, Luxem- SOUTHERN CALIFORNIA Riverside County Right Now we want a COUNTY responsive to my business needs. I need a county willing to open doors for expansion. Riverside County meets these needs right now. Luxembourg: Putting Europe at Your Fingertips Luxembourg, located at the crossroads of Europe’s main consumer markets, provides U.S. companies with many strategic advantages for conducting successful business in visit www.rivcoeda.org/rightnow #4609 at www.BusinessFacilities.com or call 951.955.8916 A S P E C I A L A D V E RT I S I N G S E C T I O N O F B U S I N E S S FA C I L I T I E S A N D L O G I S T I C S M A N A G E M E N T L-7 http://www.rivcoeda.org/rightnow http://www.rivcoeda.org/rightnow http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - June 2008

Business Facilities - June 2008 Contents First Word Snapshots Metro Spotlight: Austin, TX The Greening of America Winds of Change in the Berkshires Hot Logistics Locales Metro Spotlight: New Mexico Borderplex Hollywood on the Louisiana Bayou Idaho: Gem State's Economy is Glittering Mayor's Reports New Brunswick, Canada's Export Leader Virginia: Where Business and Fun Come Together How Green Is Your Site? Maine's New Maritime Marketing Message Corporate Moves: Alabama Advertiser Index Ask the Expert

Business Facilities - June 2008

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