Supply Chain News / Air Cargo / Risk & Compliance / Finance & Credit

Boeing Signs New Lease for Long-Term Growth at Southern California Logistics Airport

City of Victorville offers options to renew for $8.3 million lease over the next 12 years.

The Boeing Company has signed a $1.8 million three-year lease at the City of Victorville’s Southern California Logistics Airport (SCLA). The aerospace company’s 100,000-square-foot lease includes 10,000 square feet of office space and 90,000 square feet of hanger space at SCLA’s Hangar 678. The three-year lease includes three, three-year options, for a total of $8.3 million over the next 12 years.

“Boeing’s extension at Southern California Logistics Airport is a testament to the pro-business climate we have worked to create in the City of Victorville,” said Keith Metzler, assistant city manager at the City of Victorville. “This lease will pave the way for additional high-caliber corporations to follow Boeing’s lead and locate their operations in Victorville.”

A growing customer of SCLA since 2003, Boeing’s long-term occupancy of Hangar 678 enables the company to centralize three of its growing operating divisions: Boeing Capital, Boeing AOG and Boeing Flight Test. SCLA’s Hangar 678 serves as a facility for aircraft transition and modification services, including modification with upgraded electronics and inflight entertainment, as well as structural repairs for Boeing customers from around the world. Additionally, the facility serves as a hub for Boeing’s instillation of buyer furnished equipment on new aircraft.

The extension of Boeing’s lease represents continued growth for SCLA, also exemplified by other long-term customers such as Plastipak Packaging Inc., a global leader in product packaging, which is currently in the fifth year of its nine-year lease. Plastipak customers include Procter & Gamble, Pepsi, Kraft Foods, Kroger and Tropicana. Other notable companies located at SCLA include Newell Rubbermaid and GE Transportation.

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