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December 5, 2023
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Stream Realty Partners and QuadReal Property Group Break Ground on 344k sf Simi Valley Industrial Project


Stream Realty Partners and joint-venture partner QuadReal Property Group have broken ground on Tapo Canyon Commerce Center, a five-building, 344k sf Class A industrial complex located at 1800 Tapo Canyon Dr in Simi Valley.

The brand new, modern industrial buildings range from 25.8k sf to 135.6k sf and provide tenants leasing options from 19.2k sf to the entire 344k sf campus. Sprawling on 18 acres, Tapo Canyon Commerce Center presents high-image street frontage along Tapo Canyon Rd and Los Angeles Ave, within close proximity to the San Fernando Valley and overall North Los Angeles region. Features include 28 to 36-foot clear height, window-lined office space, above regional standard dock high loading, five different access points to campus and immediate 118-Freeway access.

The project architect is HPA Architecture, civil engineer is Kimley-Horn, and KRPS is the project’s general contractor. John DeGrinis, SIOR, Patrick DuRoss, SIOR, and Jeff Abraham, SIOR, are handling the leasing of the project.

“This project will provide much needed relief to companies seeking modern industrial buildings in this supply constrained market. We have already experienced an incredible amount of interest from a diverse mix of companies and size requirements. One of the unique components of this project is that it can accommodate 19k sf up to 344k sf,” said DuRoss.

The city of Simi Valley is extremely business friendly, is home to a productive labor force and benefits from Ventura County’s overall cost and quality of life. Neighboring companies include Amazon, Bank of America, Ricoh Printing Systems, UPS Freight, Milgard Manufacturing, Entertainment Earth and Aerovironment, to name a few.

LA North, inclusive of Simi Valley, accounted for 42.7% of Greater Los Angeles’ quarterly net absorption activity for 3.4 msf, according to Newmark Research. Healthy consumer spending, government stimulus, improving labor markets, growing e-commerce sales in conjunction with global supply chain issues not abating anytime soon favor strong industrial leasing fundamentals with rent growth likely to persist as a result.

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