One of Corona's Largest Employers Relocates to Office Campus at McKinley and the 91
The KPC Group is pleased to announce that Monster Beverage Corporation (NASDAQ: MNST), formerly known as Hansen's Beverage Corporation, has purchased a building at KPC Summit for its new headquarters. The transaction includes the purchase of a three-story building that comprises approximately 73,000 square feet of office space. The new Monster headquarters will be located at 2455 Anselmo Drive, and is one of the three buildings that make up the KPC Summit office campus. KPC Summit is located adjacent to the 91 Freeway at the McKinley South off ramp, one of the most desirable commercial locations in Riverside County.
KPC Summit (Photo: Business Wire)
"When a company like Monster decides to expand its presence in the City of Corona, businesses and residents benefit," said Mayor Eugene Montanez. "The KPC Group has played a central role in bringing these important development projects to the City."
The LEED-certified, class "A" office campus recently renamed as KPC Summit, is an ideal location for Monster's new corporate headquarters. The constructive dialogue between the KPC Group and the City of Corona has contributed to the City's attractiveness for expanding businesses in Southern California.
"Our goal in the City's economic development office has been focused on continued growth of home-grown companies and development of highly amenitized transportation oriented developments through Corona's evolving core," said Darrell Talbert, Administrative Services Director. "The KPC Group's ongoing collaboration with the City has been instrumental in keeping jobs and important companies like Monster in Corona."
The new KPC Summit has exceptional accessibility to the region's busiest transportation arteries and is visible to nearly 500,000 vehicles that pass by every day. This highly desirable location will give tenants significant public exposure and recognition as well as provide convenient access for employees. Monster will be the second high profile tenant of the new office park. The KPC Group has previously announced it will also move its corporate office to the campus.
"We are excited that the Monster name will be visible on one of the state-of-the-art buildings that make up KPC Summit," said John Petty, Vice President and Corporate Officer at the KPC Group, in charge of management and leasing. "Monster's presence will attract other influential companies in the Inland Empire to lease at KPC Summit."
Monster is one of Corona's largest employers. Formerly the Hansen Natural Corporation and known for its juices and natural beverages, the company has experienced unprecedented growth in the global beverage industry. It released Monster Energy in 2002 and the drink's ensuing popularity ultimately redefined the company, renaming itself Monster in January of this year. During 2011, the company's net income increased by 35 percent to $286.2 million, compared with $212 million for 2010.
For more information about the property and specifics on leasing opportunities, visit www.kpcsummit.com.
About The KPC Group
The KPC Group was founded by Dr. Kali P. Chaudhuri in 1994 and has business portfolios in Healthcare, Pharmaceuticals, Information Technology, Education, Real Estate, Architectural and Engineering, Energy, Waste Management, Infrastructure Development, Agriculture, and Travel. Integrated Healthcare Holdings, Inc. (IHHI), a publicly held company (symbol IHCH), as well as Physicians for Healthy Hospitals, Inc. (PHH) it also owns and operates a chain of hospitals in Riverside County and Orange County, California. The KPC Group and its affiliates established one of the largest Independent Physicians Associations in Southwestern Riverside County with more than 1,200 physicians. For more information about The KPC Group, visit their website at www.thekpcgroup.com.
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The KPC Group
John Petty, 951-538-2222
Alan Ziegaus, 858-541-7800