KPC SUMMIT
For Immediate Release
One of Corona’s Largest Employers
Relocates to Office Campus at McKinley and the 91
Corona, CA (May 7, 2012) – Dr. Kali P. Chaudhuri & 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.
“When a company like Monster decides to expand its presence
in the City of Corona, business and residents benefit,” said Mayor Eugene
Montanez. “ The KPC Group has played a central role in bringing these important
development project 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 attractive for expanding business 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 Darrel Talbert, Administrative Services Director. “ The KPC Group’songoing 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 everyday. 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 Office 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’ 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 $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, Wast Management,
Infrastructure Development, Agriculture, and Travel. Integrated HealthcareHoldings, Inc, (IHHI), publically held company (symbol IHCH), as well as
Physicians for Health 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 on 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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