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10/24/19
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In development news out of northern L.A. County, the walls have been raised on all three buildings in Phase 1B of The Center at Needham Ranch. The 54-net acre business park, a development of Trammell Crow Company and Clarion Partners LLC, sits on a 132-acre, fully entitled site at the southern entrance to Santa Clarita. Construction is scheduled to complete by the end of 1Q 2020.
Phase 1B of The Center at Needham Ranch will comprise three Class A industrial buildings totaling 418k sf. Building Four will feature 194.2k sf of industrial space, Building Five will offer 126.4k sf of space, and Building Six will be comprised of 97.4k sf of space.
Buildings Four and Five are 36’ minimum clear height and Building Six is 30’ minimum clear height. Each property will have 120’ minimum truck court depth, ESFR fire sprinklers, abundant dock-high loading with large truck courts and secure yard areas, in addition to attractive architectural design that features an extensive use of glass and abundant vehicle parking with capacity for above-standard parking counts. Office space can be customized to suit.
“We are very pleased to see the second subphase of Needham Ranch now reach this key milestone,” said John Balestra, Principal with Trammell Crow Company's SoCal – Los Angeles Business Unit. “Leasing activity and interest is very robust in the first three Phase 1A buildings, which total 451.5k sf and are nearing completion. Prospective tenants are drawn to our strategic location, which is immediately adjacent to the San Fernando Valley, providing convenient access for more than five million people within a 30-minute drive. An added benefit was the significantly lower cost of doing business in the City of Santa Clarita compared to other jurisdictions across the Los Angeles North region.”
“Given the extremely limited availability of true Class A industrial space in the greater Los Angeles market, we are seeing strong interest from a wide range of companies. Potential tenants are responding favorably to the significant operational efficiencies that these modern, highly functional state-of-the-art facilities offer, such as the 36-foot interior clear heights,” added Nicole Welch, Senior Vice President with Clarion Partners, LLC. “The project also boasts a unique park-like environment with tremendous freeway identity and breathtaking views, due to the abundant natural open space that surrounds it.”
“We are finding that the buildings’ location advantage, coupled with the clear-height advantage, is important to companies looking for space in the region,” noted Craig Peters of CBRE, the project’s leasing agent. “Furthermore, the business-focused City of Santa Clarita and its live-work-play environment are key in allowing businesses to operate at maximum productivity and attract and retain top talent. The development is ideally situated for ‘last mile’ and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses.”
The Center at Needham Ranch is located one mile north of the City of Los Angeles boundary. The development fronts Sierra Hwy just south of Newhall Ave and is less than one mile from the intersection of I-5 and Hwy 14. Offering the important reverse commute advantage, the Center is less than 15 minutes to Burbank Airport and directly links to all areas within the San Fernando Valley and Greater Los Angeles County population centers and is easily accessible from numerous major highways including the 14, 5, 405, 210, 118 and 126. In addition, many restaurant and retail amenities are in proximity to the Old Town Newhall area including the Newhall Metrolink Station.
The General Contractor is Oltman’s Construction Co, the architect is HPA Inc and the civil engineer is Alliance Land Planning & Engineering. CBRE’s Craig Peters and Doug Sonderegger are the leasing agents for the property.
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