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7/30/24
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Trammell Crow Company (TCC) and Clarion Partners have wrapped up construction on The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park in Santa Clarita. The 11-building industrial park, which the JV began construction on in 2017, was fully leased by May 2023 with tenants that include DrinkPAK, LA North Studios, Illumination Dynamics, US AutoForce, and a confidential e-commerce company.
The JV, in partnership with the City of Santa Clarita, also recently opened the Needham Ranch Parkway, which was constructed as part of the 250-acre development and provides motorists an alternate route between Newhall Avenue and Sierra Highway.
“Needham Ranch has filled the demand for modern, Class A logistics space in the Santa Clarita Valley, and more specifically in the LA North industrial submarket, which continues to see demand from industrial users because of the area’s deep and talented labor pool and the overall quality of life in the Valley,” commented Philip Tsui, Senior Vice President for TCC.
Oltmans Construction Co served as the general contractor for CANR. The project’s architect was HPA Inc and the civil engineer was Alliance Land Planning & Engineering. The facilities were marketed and leased by the CBRE team of Craig Peters, Doug Sonderegger, Sam Glendon, and Richard Ramirez.
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