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5/31/19
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Trammell Crow Company (TCC) and Clarion Partners LLC have commenced construction on Phase 1B of The Center at Needham Ranch, a 54-acre business park that sits on a 132-acre, fully entitled site. Construction is scheduled to complete by the end of 2019.
Phase 1B of The Center at Needham Ranch will comprise three Class A industrial buildings totaling 418k sf. Building 4 will comprise 194.2k sf, Building 5 will comprise 126.4k sf and Building 6 will feature 97.4k sf. Building 4 and 5 are 36’ minimum clear height and Building 6 is 30’ minimum clear height.
Each building 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 featuring extensive use of glass and abundant vehicle parking with capacity for above standard parking counts. Office space can be customized to suit.
John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit, notes that prospective tenants are drawn to the project’s strategic location immediately adjacent to the San Fernando Valley, along with convenient access to over 5 million people within a 30 minute drive, and the significantly lower cost of doing business in the City of Santa Clarita compared to other jurisdictions across the Los Angeles North region.
“We are finding that the building’s location advantage, coupled with the clear height advantage, are of significance to companies looking for space in the region,” comments Craig Peters of CBRE, the project leasing agent. “Furthermore, the business-focused City of Santa Clarita and live-work-play environment in the area 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 and at the southern entrance to the City of Santa Clarita. The development fronts Sierra Highway and just south of Newhall Avenue and is less than one mile from the intersection of Interstate 5 and Highway 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. To learn – and see – more, check out the exciting video about the project on RENTV.
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