Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Newell Brands Inc    NWL

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Newell Brands : SCLA sees completion of industrial facility, major lease signed

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/29/2017 | 01:51am CEST

June 28--VICTORVILLE -- Stirling Development has announced the execution of a multi-year industrial building lease at Southern California Logistics Airport.

The deal includes a three-year, 195,508-square-foot industrial lease with Newell Brands for "Distribution Centre 18" at SCLA in Victorville.

The 370,023-square-foot facility was completed ahead of schedule on June 22.

The lease with Newell renders DC 18 completely occupied, with the remainder of the building to be occupied by Plastipak Packaging, Inc., which signed a five-year, 174,515-square-foot lease in late 2016 prior to construction.

The facility's tenants are expected to generate approximately 200 new jobs and an estimated total of 700 ancillary jobs within the region. Move-in for both tenants is anticipated for late this summer.

Newell Brands, a consumer goods company, has been a tenant at SCLA since 2007. With this latest lease, the company will now occupy in excess of 1 million square feet at SCLA.

Additionally, Plastipak, a world leader in the design and manufacture of high-quality, rigid plastic containers for the food, beverage, and consumer products industries, will now occupy nearly 500,000 square feet of space within SCLA. Plastipak has been a tenant at SCLA since 2009.

"It is a true success story for SCLA and Stirling to see businesses like Newell and Plastipak thrive and grow within the High Desert," said Brian Parno, chief operating officer of Stirling Development. "From our full-time office within the park, our asset management team has assisted both tenants to comfortably navigate their expansion needs."

Parno, who said his team is thrilled the companies have once again chosen to call SCLA home as they expand, said Sterling Development believes the combination of SCLA's logistics-driven location, the quality of SCLA's master plan and Class A facilities, and affordability and availability of land are all major factors to the success of this project.

"This is the second industrial facility at SCLA within the past year to be fully pre-leased to large users," Parno said. "Big box leases in the Inland Empire North Region are about two-thirds the cost of facilities in other Inland Empire markets. This cost savings, along with nearby affordable housing and abundant labor force, makes SCLA an attractive location for manufacturing and distribution users."

Rene Ray De La Cruz may be reached at 760-951-6227, RDeLa [email protected] or on Twitter @DP_ReneDeLaCruz.

___

(c)2017 Daily Press, Victorville, Calif.

Visit Daily Press, Victorville, Calif. at www.vvdailypress.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEWELL BRANDS INC
01:51a NEWELL BRANDS : SCLA sees completion of industrial facility, major lease signed
06/27 NEWELL BRANDS : Baby Jogger® Introduces New City Select® LUX Stroller For Growin..
06/27 NEWELL BRANDS : Reynolds Announces Partnership With Flair to Relaunch Top-sellin..
06/21 Jostens Receives 20 Awards at Premier International Print Competition
06/16 Jostens Yearbook Covers Win Five Gold Leaf Awards
06/14 NEWELL BRANDS : to Reaffirm Fiscal Year 2017 Outlook at Deutsche Bank Global Con..
06/13 NEWELL BRANDS : Student helps fix broken mops with reverse engineering
06/12 NEWELL BRANDS : Rubbermaid® Commercial Products Displays Newest Innovation, Resi..
06/10 New England Patriots Presented with Super Bowl LI Championship Rings by Joste..
06/09 NEWELL BRANDS : Announces Agreement to Sell Winter Sports Business
More news
Sector news : Appliances, Tools & Housewares - NEC
06/21DJGENERAL ELECTRIC : Correction to GE Appliances CEO Blankenship Leaving Post Arti..
06/21DJQINGDAO HAIER : GE Appliances CEO Blankenship Leaving Post
06/21 JEFF FETTIG : Whirlpool CEO Fettig to step down, COO Bitzer named as successor
06/21 Whirlpool CEO Fettig to step down, COO Bitzer named as successor
06/09DJU.K. Election Result Piles Up Brexit Uncertainty for Business -- Update
More sector news : Appliances, Tools & Housewares - NEC
News from SeekingAlpha
06/27 Why SharkNinja/Ecovacs Entering Vacuum Robotics Would Pose 20%-50% Downside R..
06/21 Hunter Douglas Confirms My Expectations And Hunts For Acquisitions
06/15 Newell Brands (NWl) Presents At Deutsche Bank Global Consumer Conference - Sl..
06/14 Newell Brands to reaffirm guidance at conference
06/05 Investor Movement Index For May 2017
Advertisement
Financials ($)
Sales 2017 14 747 M
EBIT 2017 2 443 M
Net income 2017 2 095 M
Debt 2017 9 147 M
Yield 2017 1,64%
P/E ratio 2017 12,95
P/E ratio 2018 15,62
EV / Sales 2017 2,36x
EV / Sales 2018 2,29x
Capitalization 25 653 M
More Financials
Chart NEWELL BRANDS INC
Duration : Period :
Newell Brands Inc Technical Analysis Chart | NWL | US6512291062 | 4-Traders
Full-screen chart
Technical analysis trends NEWELL BRANDS INC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 58,7 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Michael B. Polk Chief Executive Officer & Director
Mark S. Tarchetti President
Michael T. Cowhig Non-Executive Chairman
William A. Burke Chief Operating Officer & Executive Vice President
Ralph J. Nicoletti Chief Financial Officer & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NEWELL BRANDS INC19.53%25 653
MIDEA GROUP CO LTD--.--%41 989
ELECTROLUX27.35%10 363
GROUPE SEB23.61%9 140
YUNDA HOLDING CO LTD--.--%7 546
HAIER ELECTRONICS GROU..65.84%7 257
More Results