IRVINE, CA--(Marketwired - Jul 8, 2015) - Goodman Birtcher, the wholly owned North American subsidiary of Goodman Group, one of the world's largest industrial property groups, with a global network spanning 16 countries and $23 billion (A$30.3 billion) of assets under management, has held a ground breaking ceremony for its new Goodman Commerce Center Eastvale development. The ceremony was attended by Ike Bootsma, the Mayor of Eastvale to officially mark the commencement of construction for the first stage of this landmark master-planned, mixed-use development.
Key facts:
- Project name: Goodman Commerce Center Eastvale
- Address: Situated on the I-15 between Cantu-Galleano Ranch Road and Bellegrave Avenue, Eastvale, CA
- Site area: 205 acres
- First stage has commenced comprising two, one million square foot logistics facilities and related infrastructure
- Subsequent stages of development will include a hospital, retail center and business park
Brandon Birtcher, Chief Executive Officer of Goodman Birtcher said, "We are very pleased to be commencing construction on two, one million square foot logistics facilities. The project is planned to deliver over $28 million of infrastructure and public improvements. Since entitling this major project we have received very positive feedback from the City, the local community and a number of global customers."
Eastvale Mayor, Ike Bootsma said, "This project has been several years in the making and we are proud of the project that has been created. The Goodman brand and legacy are exactly the kind of quality partners we seek to bring to our city. This landmark development will provide multiple new facilities and with an estimated 4,500 new jobs for local residents, we couldn't be more excited."
Lang Cottrell, Regional Director South West for Goodman Birtcher said, "Four of the top performing brokerage companies have been hired to represent all facets of this significant mixed-use development. JLL have been appointed as the exclusive broker on the two, one million square foot logistics facilities, CBRE Healthcare Services are helping with the hospital, Lee & Associates will oversee the 200,000 square foot business park and Strategic Retail Advisors are the listing agent for the 427,000 square foot retail center.
The commencement of construction at Goodman Commerce Center Eastvale follows the recent announcement that the Goodman Logisitcs Center Rancho Cucamonga development has been 100% leased prior to completion to Georgia-Pacific. The 1.6 million square foot leasing deal is one of the largest leases signed on an industrial development in Southern California, in the past 10 years.
Goodman Birtcher is progressing with the rollout of its development pipeline and currently has three flexibly designed, large format logistics and warehouse developments underway in the Inland Empire market of Southern California. On completion, these developments in Rancho Cucamonga, Fontana and Eastvale will provide a combined 4.3 million square feet of prime space, suitable for a range of customer groups.
About Goodman Birtcher
Goodman Birtcher is a wholly owned subsidiary of Goodman Group, established in June 2012 and includes the former business of Birtcher Development and Investments. The North American Headquarters are located in Irvine, California with a regional office in Allentown, Pennsylvania.
About Goodman
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.
Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.
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About Goodman North American Partnership
Goodman North American Partnership (GNAP) was launched in August 2012 and is the investment vehicle for all North American assets developed and sourced by Goodman Birtcher.
GNAP is a partnership between the Canadian Pension Plan Investment Board (CPPIB) (45%) and Goodman (55%). CPPIB and Goodman have committed an equity amount of US$2.0 billion.
GNAP's investment strategy is focused on the development of and investment in prime quality logistics and industrial facilities in key locations across North America. Opportunities will be sought in the key West Coast logistics hubs of Los Angeles, Inland Empire, San Francisco, and Seattle, with New Jersey and Philadelphia to be targeted on the East Coast. Other key logistics hubs based around inland ports, intermodals and tier one sea ports will also be considered.
Contact Information:
For further information, please contact:
Goodman Birtcher
Ben Bytheway
949-407-0103
