For more information, contact:
Eric Schmidt, President
VICTORVILLE, CA, March 23, 2021 – Exquadrum Inc.’s, Kevin Mahaffy and Eric Schmidt, have purchased a 66,000 square-foot commercial building at Southern California Logistics Airport from Stirling Development. The building, previously leased by Exquadrum, will be home to Exquadrum’s Corporate Headquarters.
“We are proud to announce our new headquarters,” said Eric Schmidt, President of Exquadrum. “This is a milestone for us that will enable the further growth of our company and further demonstrates the aerospace, defense, and aviation presence at SCLA. We expect to employ 40 staff members in the facility at the completion of the renovations, all quality, high-technology roles supporting contracts with defense and commercial space entities.”
Exquadrum has donated 26,000 square feet to Victor Valley Community College to house a regional training center and to potentially expand the College’s SCLA School of Aviation in the future. “We are pleased to be able to share this space with VVC in support of the region’s training needs and the potential future expansion of the School of Aviation,” said Schmidt. “Education is vital to the growth of the Mojave River Valley and being able to provide this space for vocational education aligns with the values and principles upheld at Exquadrum.”
The new facility was purchased for $4.5 million. Jason Lamoreaux, President of Coldwell Banker Commercial represented Eric Schmidt and Kevin Mahaffy, with Mojave River Valley Holdings, in the transaction. “It was an honor to assist Eric Schmidt and Kevin Mahaffy of Exquadrum, Inc. with the purchase of their new headquarters. Exquadrum is a local success story envisioned and founded in the High Desert. This sale represents one of the largest sales in the region over the past year and marks an incredible milestone for Exquadrum, Inc. We are proud of their accomplishments and investment in the High Desert,” said Jason Lamoreaux, President of Coldwell Banker Commercial.
Construction on Exquadrum’s Corporate Headquarters will be complete later this month with a Ribbon Cutting scheduled in April. “The future is bright for Exquadrum and increasing our footprint at SCLA is essential as we continue to invent new aerospace technologies for our customers, especially those who defend our country,” said Kevin Mahaffy, CEO of Exquadrum.