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January 24, 2021
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Trammell Crow Company and Clarion Partners Begin Work on Building 10 at The Center at Needham Ranch

1/07/21

Trammell Crow Company (TCC) and Clarion Partners have started construction on Building 10 at The Center at Needham Ranch. Situated on 12 acres, the 179.9k sf building is scheduled for completion by year-end 2021.

The building is located within the 250 gross-acre, state-of-the-art Class A business park in Santa Clarita, one of the largest industrial business parks in the entire Western U.S.

Building 10 will have 36’ minimum clear height with 140’ minimum truck court depth and will include ESFR fire sprinklers and 30 dock-high loading positions with a cross-dock configuration to support high-throughput logistics operations. The project will also feature a fully secure yard area in addition to modern, attractive architectural design and above-standard parking optionality. Office space in Building 10 can be customized to suit.

“Industrial occupier activity and interest in this project across the greater Los Angeles region is robust, with occupiers responding favorably to the operating advantages and efficiencies that our high-quality, Class A industrial space provides with very limited alternatives currently available today,” said John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit.

The project is strategically located immediately adjacent to the San Fernando Valley and approximately one mile north of I-5 and adjacent to Hwy 14, which provides convenient access to over five million people. In addition, the business-focused City of Santa Clarita and the desirable live-work-play environment in the area are key in gaining competitive advantage and attracting top talent with a significantly lower cost of doing business.

According to Craig Peters of CBRE, the project’s leasing agent, they continue to see strong leasing demand from a highly diverse mix of last-mile and regional distribution, studio and entertainment, aerospace and defense, and food and beverage users. Following a COVID-induced pause in leasing activity earlier this year, industrial space absorption has been red hot year-to-date in North Los Angeles, with Class A vacancy at historical lows and very limited sites for new supply to be delivered in the 2021 through 2023 time frame.

At full build out, The Center at Needham Ranch will include approximately 1.9 msf of Class A industrial space. Phase 1 included the development of 850.4k sf and an additional 1.03 msf will deliver as part of Phase 2. Building offerings will range from approximately 72.6k sf to up to 500k sf on a 127 gross-acre site.

The General Contractor for the project is Oltman’s Construction Co, the architect is HPA Inc and the civil engineer is Alliance Land Planning & Engineering. CBRE’s Craig Peters, Doug Sonderegger and Cameron Merrill are the leasing agents for the property.





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