Business Facilities - September 2008 - (Page 51)

best locations for a new business or development. It is also one of the fastest growing cities in the nation and the third largest city in the Inland Empire. The city offers excellent access to logistics hubs and the March GlobalPort, which has the longest airport runway in California and serves as the West Coast hub for worldwide shipping giant DHL. Ontario International Airport can be reached in 30 minutes, fulfilling passenger service needs. An inter-modal facility is 18 miles away and the ports of Long Beach and Los Angeles are close by. Moreno Valley anchors the 29-mile “I-215 Corridor” that stretches along Interstate 215 from State Route 60 to just north of Interstate 15. Office and industrial developments along this corridor are destined for success as international trade expands, industrial space in the coastal counties grows scarce, and the well-educated workforce becomes ever more eager to work close to home. Nationally recognized development firms currently have more than 22 million square feet of state-of-the-art office and industrial projects under development, some with campus-like amenities. Ridge Property Trust Centerpointe is a nine-building development on 125 acres with available building sizes ranging from 80,000 to 780,000 square feet. Also, First Industrial Realty Trust is developing six buildings with sizes ranging from 191,000 to 1.5 million square feet, while Prologis has proposed 2.3 million square feet in five buildings along Route 60. Moreno Valley’s expanding medical office market stems from RCC Moreno Valley Community College’s Allied Health certification programs, the city’s two major hospitals, and 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 nearby University of CaliforniaRiverside’s School of Medicine, scheduled to open in 2012. With a growing population of nearly 200,000, the city’s can-do attitude has inspired a number of Fortune 500 companies to choose Moreno Valley for their distribution facilities. Lowes, Minka Lighting, MVP RV, Philips Electronics, Resmed, Ross Dress For Less, Serta Mattress, Supreme Industries, U.S. Postal Service, United Natural Foods, Inc. and Walgreens all have selected Moreno Valley as the place to open distribution centers or manufacturing facilities. Moreno Valley offers a municipal electrical utility incentive for qualifying energy-efficient design projects; a Foreign Trade Zone; a local Recycling Market Development Zone; and development fee exemptions/ discounts at qualifying locations. Additionally, the city of Moreno Valley partners with Riverside County’s Workforce Development Center to provide employee recruitment, training services, and incentives that save time and money. Moreno Valley offers a leisurely lifestyle that includes two golf courses, 200 acres of parkland, equestrian and bike trails, and the 8,000-acre Lake Perris State Recreational Area, which is one of Southern California’s most popular boating, fishing, and camping locations. Housing is available in a range of styles and prices. Nighttime cityscape of Moreno Valley Located in the business-friendly city of Hesperia, the planned Hesperia Commercial Industrial Park will provide 59 commercial/industrial condominium units in a prime loca- HESPERIA: THE FUTURE OF INDUSTRIAL PARKS tion west of Interstate Highway 15. The industrial park lies alongside Highway 395, a major U.S. northsouth corridor linking Southern California with centers to the north, including Bishop, CA; Reno, NV; Oregon; Washington; and up to the Canadian border. Hesperia Commercial Industrial Park will comprise 10 buildings totaling 230,000 square feet on 12.5 acres at the southeast corner of Highway 395 and Poplar Street with highly desirable north-south frontage on Interstate 15. Its 59 individual units are destined for sale to individual owner/users, while some may be leased for investment by the builder. While many industrial projects are on hold in today’s uncertain economic climate, there are still tremendous opportunities for developers with the right strategy. Monitoring every factor that may have an impact on the regional economy, smart investors stay on top of current trends to be ready to serve the market as conditions change. Some of the world’s most important distribution centers are regional facilities in inland Southern California markets like Hesperia in San Bernardino County. Hesperia is conveniently situBUSINESS FACILITIES 51 PHOTO CREDIT: MORENO VALLEY

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

Business Facilities- September 2008 Contents First Word Snapshots Corporate Moves:�Mississippi Editor's Location Picks 2008 The Palmetto State Reaches Across the Sea Corporate Moves:�Tennessee Metro Spotlight:�Spokane, WA Biotech: Building Block for Development Wind Power Lifts Iowa Germany:�Europe's Economic Juggernaut California Here We Come Up, Up and Away in North Carolina Corporate Moves:�West Virginia Metro Spotlight:�Decatur/Greensburg, IN Advertiser Index Ask the Expert

Business Facilities - September 2008

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