Dr Pepper Snapple Announces California Project, Tabs CBRE for RE Needs
- Jun 18, 2008
Dr Pepper Snapple Group made two announcements today, indicating a turn toward improving efficiency through its real estate portfolio. An agreement to open a $120 million production and distribution center in Victorville, Calif., was announced. The facility is expected to employ 200 people with six manufacturing lines with the capacity to produce 40 million cases annually. Opening in 2010, this facility will become the company’s Western hub serving California and parts of the Southwest or 20 percent of the U.S. population. Construction is set to begin in October 2008 at the Southern California Logistics Airport, an 8,500-acre master planned multi-modal freight transportation hub developed on the site of the former George Air Force Base. It is supported by air, ground and rail connections. The DPS plant will consist of an 850,000-square-foot building on 57-acres, including 550,000 square feet of warehouse space, and a 300,000-square-foot manufacturing plant. It was also announced today that the CB Richard Ellis Inc. has been selected to provide transaction management and lease administration services throughout the Americas for DPS. The assignment covers approximately 13.5 million square feet of industrial and office properties used in the manufacturing, bottling and distribution of its consumer beverages. Grant Dismore, vice president of sales operations for the Dr. Pepper Snapple Group said in a statement, that CBRE “will be an important partner as we transform the management of our real estate portfolio to improve operational efficiencies.” In April, Stirling Capital Investments, the primary developer of the Southern California Logistics Centre announced that it will bring the first LEED-registered “green buildings”to the region. In May, Stirling completed the fourth industrial building on the site, totaling 296, 500 square feet. CB Richard Ellis is also the agent marketing that building.