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LOS ANGELES COUNTY NEWS
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Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased

5/02/23

The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park developed by a joint venture between Trammell Crow Company and Clarion Partners in Santa Clarita, is fully leased ahead of delivery. DrinkPAK, a beverage manufacturer, has leased the last two buildings in the final phase of the development, expanding its footprint at CANR to 965k sf. Construction on the final phase will be completed by year-end 2023.

CANR, which the JV broke ground on in 2017, will include 11 Class A industrial buildings and four Class A parking and outdoor storage lots spanning 250 acres in the Santa Clarita Valley. An event was recently held to commemorate the wall tilting for the final phase of development.

DrinkPAK will occupy the 107.5k sf Building 17 and the 85.8k sf Building 18 at CANR. The company had previously pre-leased the entire 198.5k sf Building 14, following its leasing of 172.3k sf of space in Building 2 in October 2020 and 400k sf in Buildings 3 and 4 in April 2021.

“The Center at Needham Ranch was developed to fill a growing need for state-of-the-art Class A industrial space in the LA North industrial submarket, which has seen record-low vacancy rates since we began construction on this project six years ago, due in large part to the high land costs, entitlement challenges, and sky-high construction costs for developers in the infill San Fernando Valley market,” said John Balestra, Principal with TCC’s Los Angeles office. “Our tenants have embraced the high quality of life, the talented workforce, and the plethora of local amenities, recreational opportunities, and open space that Santa Clarita offers.”

"We're thrilled to continue expanding our state-of-the-art beverage manufacturing campus within The Center at Needham Ranch. With the addition of these two new buildings, we will occupy more than 1.2 msf of production and warehousing facilities in Santa Clarita and the surrounding areas. This additional footprint will allow us to accelerate growth and create hundreds of additional jobs in the Santa Clarita Valley," said Nate Patena, Chief Executive Officer of DrinkPAK. "With more than 500 employees and over two billion cans produced annually, DrinkPAK has become the largest canned beverage contract manufacturing facility in the western US.”

In addition to DrinkPAK, the final tenant roster at CANR includes LA North Studios, which occupies 113.6k sf in Building 5 for a satellite soundstage; Illumination Dynamics, which leased 67.6k sf at the development’s first completed building; as well as a confidential e-commerce client that TCC completed a 27-acre, 278.7k sf cross-dock facility for in November 2022, as well as a 97.4k sf last-mile fulfillment facility delivered June 2020.

Oltmans Construction Co has acted as the general contractor for CANR. The project’s architect is HPA Inc. and the civil engineer is Alliance Land Planning & Engineering. Long-term TCC partners, Comerica Bank and Citizens Bank provided construction financing.

DrinkPAK was represented by Patrick DuRoss, John DeGrinis, and Jeff Abraham of Newmark. CBRE’s Craig Peters, Cameron Merrill, and Doug Sonderegger are the leasing agents for CANR.

CANR is adjacent to the San Fernando Valley, approximately one mile north of Interstate 5 and adjacent to Highway 14, providing immediate access to the greater Los Angeles region with more than five million people within a 30-minute commute. Situated at the southern entrance to the City of Santa Clarita, CANR is ideally positioned for a breadth of uses, including but not limited to last-mile and regional distribution, studio and entertainment, manufacturing, research and development, and corporate offices.





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