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5/11/21
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DrinkPAK LLC has signed two additional leases at The Center at Needham Ranch (CANR) in Santa Clarita. The company first signed a 172.3k sf lease in November 2020 for Building 2 and will now additionally occupy another 400.1k sf across Buildings 3 and 4 for a total footprint of 572.4k sf of space at the industrial park developed and owned by Trammell Crow Company (TCC) and Clarion Partners LLC.
DrinkPAK provides complete beverage manufacturing and warehousing services to major beverage customers including some of the most prominent energy drink, hard seltzer, canned cocktail, and soft drink brands in the world. DrinkPAK’s Santa Clarita campus is set to become the largest of its kind in the western United States and, upon completion of the company’s expansion into Texas and Pennsylvania in 2023, DrinkPAK will be among the largest beverage manufacturers in North America.
The DrinkPAK campus will span Buildings 2, 3 and 4 and will feature three state-of-the-art high-speed beverage packaging lines capable of producing up to 4,900 cans per minute. At full operation, DrinkPAK will employ approximately 200 employees at the new facilities and will produce 2.1 billion cans of product per year. Building 3 at CANR is comprised of 21.2k sf of Class A industrial space and Building 4 is comprised of 187.9k sf, with both buildings featuring 36’ clear height, ESFR sprinklers, and abundant dock positions and parking spaces.
“We are excited to accommodate DrinkPAK’s additional space requirements at the Center at Needham Ranch. This is one of the largest food and beverage industry expansion projects across the Southern California region in recent memory and DrinkPAK recognized the competitive advantages of our development’s strategic location, high-quality, state-of-the-art buildings, and the significant advantage provided by the business-friendly City of Santa Clarita, which affords companies like DrinkPAK with a lower cost of doing business and significant support in expediting a multitude of permits and approvals from multiple jurisdictions for a very complex plant build out,” said John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit.
CBRE’s Craig Peters, Cameron Merrill and Doug Sonderegger represented TCC and Clarion in the transaction, while Newmark’s Patrick DuRoss, John DeGrinis and Jeff Abraham repped the tenant.
Phase 1 of the Center at Needham Ranch is now complete and is comprised of approximately 850k sf of Class A industrial space, offering buildings ranging from approximately 67.6k sf to 212.2k sf. Phase 2 is now underway on a 115-gross acre site with approximately 725k sf of additional industrial product planned ranging from 61.1k sf to 379k sf, with vertical construction to commence in 4Q 2021.
“With Phase 1 of the project now 100% leased, we are looking forward to delivering our 179.9k sf Building 10 this fall and to the start of vertical construction of the remaining Phase 2 project late this year,” said Nicole Welch, Managing Director with Clarion Partners. “Given the severe lack of available industrial product across the Greater Los Angeles region, with a current vacancy rate of 1.7%, we continue to see tremendous occupier interest in this project due to the strategic location minutes from Interstate 5 and the 405 Freeway, the operational costs savings and efficiency that comes with 36’ clear height buildings and the attractive project environment, with an abundance of open space and hiking trails.”
The Center at Needham Ranch is a master-planned, 250-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 park is ideally situated for last-mile and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses and is one of the largest master-planned industrial parks in Southern California.
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.
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