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11/23/20
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LA North Studios, one of Santa Clarita's newest and largest sound stage facility and studio operators, has signed a five-year lease to take over 113.6k sf at Building 5 at The Center at Needham Ranch. LA North plans to convert the space into a fully functioning satellite soundstage hub when it opens in early 2021.
LA North Studios provides sound stages, studios and other production services to major film studios. Some notable clients include Warner Bros, Amazon Studios, Showtime, Netflix, Disney, and Universal.
Building 5 at the Center at Needham Ranch is LA North Studios’ third production facility in Santa Clarita. LA North Studios footprint in the Santa Clarita Valley now includes more than 277k sf of production space catering to small and large film, television and digital productions. Their main campus in Santa Clarita features five sound stages, a fully operational on-site construction mill and production space totaling 143k sf.
Building 5 at The Center at Needham Ranch is a Class A industrial facility featuring 36’ clear height, ESFR sprinklers, 14 dock positions and 204 car parking spaces. LA North Studio plans to convert the building into F-1-certified sound stages, as a companion to their other F-1 certified facilities in the Santa Clarita Valley.
The Center at Needham Ranch is a development of Trammell Crow Company and Clarion Partners LLC. They were represented in this transaction by CBRE’s Craig Peters and Doug Sonderegger. Terms of the deal were not disclosed.
“This lease with LA North Studios further validates that The Center at Needham Ranch is the perfect location for entertainment-related companies. LA North Studios is exactly the type of company we were hoping to find for The Center and is an ideal fit for the project. Their new stages will be able to accommodate the growing demand from content creators to find space within the studio zone,” commented Peters. “The Center at Needham Ranch has some of the only 36-foot clear height buildings in the market. For entertainment, studio and production uses, the higher ceilings in the space is a significant advantage. In addition to the ceilings, the park-like environment will continue to make the Center at Needham Ranch a key target for entertainment and production occupiers.”
There are only two buildings remaining available for lease in Phase 1 of the Center at Needham Ranch, which includes approximately 900k sf of Class A industrial space and offers buildings ranging from approximately 67.6k sf to 212.2k sf on a 52-net-acre site. Phase 1 is part of a master-planned, 135-acre industrial development located immediately adjacent to the San Fernando Valley, approximately one mile north of I-5 and adjacent to Hwy 14, providing immediate access to the San Fernando Valley and greater Los Angeles region with more than five million people within a 30-minute commute.
Sitting at the southern entrance to the City of Santa Clarita, the development is ideally situated for last-mile and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses. Trammell Crow Company and Clarion Partners are set to break ground on Phase 2 of The Center at Needham Ranch in Q4 of 2020.
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