FOR IMMEDIATE RELEASE
July 18, 2000
For photos, fact sheet and further information contact:
Rebecca Allmon, rebecca@lynxs.com
The Lynxs Group
Toll Free: (877) 952-3900
Gregory Diodati CCIM, greg@lynxs.com
March PhilMar, LLC
(888) 772-5940 or
(909) 945-4551
CargoPort™ Changes Name to Greater Los Angeles/March GlobalPort
Facility, Property’s First, Is Completed Two and a Half Months Ahead of Schedule
RIVERSIDE, CA – A ribbon cutting ceremony July 20, 2000 will celebrate the completion of the first facility of the March Inland CargoPort™, whose name has been changed to the Greater Los Angeles/March GlobalPort, an air cargo and logistics development on the former March Air Force Base. The project represents the largest new commercial construction development on former military property since the government’s more aggressive base closure program begun in the 1980s.
Representatives from Philips Consumer Electronics North America, a division of Royal Philips Electronics of the Netherlands, one of the world’s largest electronics companies, will join members of the March Joint Powers Authority (JPA), regional governments and the business community to celebrate the project, which was completed two and a half months early.
The project approval and development process between the GlobalPort and the March Joint Powers Commission was completed in less than 12 months, including the entitlement and leasing process with the March JPA. The time frame is unprecedented, particularly when compared with typical real estate development processes in California.
The ribbon will be cut on the 225,000-square foot warehouse that will serve as the U.S. western regional distribution center for Philips Consumer Electronics North America. The warehouse contains 4,500 square feet of offices and 32 dock doors; it sits
on 14 acres adjacent to the GlobalPort’s 13,300-foot aircraft runway, the longest in California. The facility is the first of the on-airport cargo facilities to be completed at the GlobalPort.
Greater Los Angeles/March GlobalPort
The Greater Los Angeles March GlobalPort is a 350-acre, all-cargo airport on the site of the former March Air Force Base (AFB) in Southern California. It is served by four major freeways, rail service and the state’s longest aircraft runway, making it well- suited for transporting shipments throughout the western U.S.
The GlobalPort was developed with a public-private partnership to adapt a portion of the former March AFB for economic reuse. The private sector is represented by several experienced air cargo and logistics facilities developers. Several public sector entities, including the March JPA, have worked together since 1996 to adapt a runway, jet fuel farm and adjacent property into a project that will maximize joint use of the airfield for civilian aviation, while at the same time create jobs for the community.
Construction Completed Two and a Half Months Early
“The March JPA’s fast track permitting and review process was extremely helpful in being able to complete this construction project two and a half months earlier than the original projections,” explains Gregory Diodati CCIM, Manager of GlobalPort. “This enabled us to break ground on the Philips facility in less than six months and adhere to an aggressive construction schedule. The March JPA is dedicated to bringing economic reuse to the community.”
“The March JPA is committed to making job development happen,” states Chris Buydos, Acting Executive Director, March JPA. “The Commission set a priority to bring and build quality jobs and development to the Inland Empire. With this project, we demonstrated not only our commitment, but also our ability to work directly with the development and corporate communities by streamlining the process and providing development opportunities to fit their needs. The March JPA has worked diligently since its formation in 1993 to create the tools and resources necessary to fulfill our goals and objectives. Our story is unprecedented in the State of California and in particular for new development at former military base properties.”
“Philips is very proud to be a part of this redevelopment effort and to be a part of the Riverside community,” states Danny Garst, Vice President of Logistics, Philips Consumer Electronics North America. “This new facility benefits Philips with better proximity to the airport and the major freeways of the NAFTA corridor.”
A Hybrid Facility for Inventory Velocity
Cerritos Terminal Services (CTS) will operate the GlobalPort warehouse for Philips Consumer Electronics North America. For 10 years, this division of Philips has relied on CTS to provide warehousing, distribution and other logistics services to move inventory from its manufacturing plants to its customers’ retail sites. “This is a hybrid facility,” explains Wayne Porter, Manager of CTS. “Its airport access and narrow, double-load design, which accommodates 150 trucks a day, gives us tremendous inventory velocity. It also establishes CTS as a pioneer in developing third party logistics outside the congestion of the Port of Los Angeles. We’ve very happy to be here on behalf of Philips.”
CTS is a division of EPT Logistics, a third party logistics provider with more than four million square feet of warehouse space in Cincinnati, Ohio; Dallas and El Paso, Texas and Los Angeles and Moreno Valley, California. EPT Logistics is a project of Huntington Development Corporation.
Project Name Change Reflects Location, Benefits
The project name has been changed from the March Inland CargoPort™ to The Greater Los Angeles/March GlobalPort to reflect its close proximity to Orange County and surrounding areas in Southern California and that it is a viable alternative to other regional airports. “March provides tremendous cost, time and logistics efficiency savings compared to any other airport in the region,” explains Ray Brimble, managing partner of the Greater Los Angeles/March GlobalPort. “We welcome the opportunity to present proposals to interested parties to prove just how advantageous March can be.” Brimble owns Austin, Texas-based Lynxs Holdings, LLC, a national developer of on airport cargo facilities.
Philips
Royal Philips Electronics of the Netherlands is one of the world’s biggest electronics companies and Europe’s largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 230,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located athttp://www.news.philips.com.