header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Sunny
Sunny
95°F
 
Calendar
Today in
S.C.V. History
August 11
2018 - Big Oaks Lodge in Bouquet Canyon burns down [video]
Big Oaks Lodge


CBRE announced a full-service provider to the entertainment industry leased an industrial building in Valencia for $7.7 million.

Matt Dierckman, David Harding, Greg Geraci and Billy Walk represented the tenant, Vince Gervasi, owner of Triscenic Production Services, Inc., and their newly formed entity Triscenic Studios, a full-service company providing new stages, transportation, storage and labor to the entertainment industry, in the transaction. The landlord, LIPT ASP Valencia, Inc., was represented by Brad Koehler of JLL.

Located at 25045 Avenue Tibbitts, the 142,392-square foot building features 28’-30’ minimum clearance, 26 truck high position doors and two ground level loading doors. The space fulfills the tenant’s needs of spacious storage area and high-quality sound stages.

“This property is the perfect fit for a company such as this that serves a thriving entertainment industry,” said Dierckman. “It sits in an entertainment-friendly city and offers a plethora of local amenities and excellent ceiling clearance, power, parking and office space.”

Triscenic Studios is a new entity comprised of entertainment company Triscenic Production Services, owned by Vince Gervasi, and real estate investor and operator John Prabhu (formerly of Kennedy Wilson), along with one other entertainment service veteran. The group formed the company and selected this property to provide entertainment storage space and high-quality sound stages in a market with high demand and limited supply.

The Valencia industrial market continues to see strong demand, especially from entertainment- related tenants. The property is within the 30 Mile Zone (TMZ) and is centrally located within the City of Santa Clarita for easy access to amenities and many other studio support businesses.

Year-over-year, industrial lease rates in Greater Los Angeles increased by 5.1% due to limited availability, according to CBRE’s Q3 report. The alternative use of industrial facilities such as studios or entertainment-related users increased rents and sales values in certain pockets. CBRE EA projects that available space will flatten somewhat over the next two years, only increasing by 30 bps, mainly due to new product deliveries.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Valencia Industrial Center

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

2 Comments

  1. Joni Gervasi says:

    So proud & happy for my brother Vince Gervasi !!!

  2. Gary Gervasi says:

    Congratulations cuz…it’s good to see you’re doing well!!!

Leave a Comment


Latest Additions to SCVNews.com
The Rancho Camulos National Historic Landmark Presents: "Sundays at the Landmark" on Sunday, Aug. 28, with Dave Berg. He will present "Stories to Share.
Aug. 28: Author Dave Berg Presents ‘Stories to Share’ at Rancho Camulos
Inquiries about when Cocktails on the Roof will return have been coming in from both participants and guests since the COVID-19 shutdown and venue limitations after our last event in 2019.
Nov. 19: Cocktails on the Roof Returns with ‘Share the Love’ Event
The Santa Clarita Valley Sheriff's Station is reminding residents that no one will ever call your home demanding payment for "outstanding warrants."
SCV Sheriff’s Station Warning Residents of Scam Calls
Carousel Ranch, in Agua Dulce, was presented with a $5,000 donation from the Logix Federal Credit Union Community Stars Foundation.
Logix Foundation Donates $5K to Carousel Ranch
The Valencia High School Band and Color Guard will hold a Clothes 4 Cash clothing drive fundraiser every Tuesday, Aug. 16 to Sept. 13.
Valencia Band, Color Guard Holding Clothes 4 Cash Fundraiser
2018 - Big Oaks Lodge in Bouquet Canyon burns down [video]
Big Oaks Lodge
The Los Angeles County Department of Public Health cautions residents who are planning to visit the below Los Angeles County beaches to avoid swimming, surfing, and playing in ocean waters:
Ocean Water Use Warning for Los Angeles County Beaches
The Michael Hoefflin Foundation is starting two tasty ways to support the non-profit's efforts Friday August 12.
Aug 12: Two Fundraisers To Support Michael Hoefflin Foundation
The Los Angeles County Department of Public Health confirmed 19 new deaths throughout L.A. County, 4,514 new cases countywide and 92 new cases in the Santa Clarita Valley.
Wednesday COVID Roundup: County Reports Two Additional Deaths For SCV
During the upcoming Aug 9. meeting, the Los Angeles County Board of Supervisors are set to proclaim this August as Student Debt Awareness Month. 
County To Proclaim Aug. 2022 Student Loan Debt Awareness Month
Valley Industry Association is planning their next Bash, as they honor businesses of distinction.
Nov 4: VIA Midnight In Morocco Celebrates Local Businesses
The SCVEDC would like to congratulate everyone who made this years list of most influential leaders in the region, including our their President & CEO, Holly Schroeder.
Valley 200 List Recognizes SCVEDC BOD Members, CEO
The city of Santa Clarita welcomes residents to dispose of their used tires at the free tire collection event on Saturday, Aug. 27 from 9 a.m. to 1 p.m. 
Aug 27: Santa Clarita to Host Free Tire Collection Event
1769 - Fr. Juan Crespi, en route to San Francisco Bay with the Portolá expedition, names the Santa Clara River Valley (SCV) for St. Clare [story]
Fr. Crespi cenotaph
Lila Littlejohn, a veteran journalist, journalism teacher and former editor of The Signal, died Sunday morning peacefully in her sleep at her home in Florida, according to family.
Former Signal Editor Lila Littlejohn Dies at 68
The Los Angeles County Department of Public Health confirmed 13 new deaths throughout L.A. County, 2,335 new cases countywide and 53 new cases in the Santa Clarita Valley.
Tuesday COVID Roundup: County Cases Decline to 2,335 with 13 New Deaths
On Tuesday, Aug. 9, the county of Los Angeles Board of Supervisors approved a resolution placing the Cannabis Tax Measure on the Nov. 8, 2022 election ballot for approval by voters.
Supes Approve Cannabis Tax Measure for November Election
The Santa Clarita Valley Water Agency has extended the deadline to apply for appointment to fill a vacancy on the Board of Directors.
Deadline Extended by SCV Water to Fill Board Vacancy, Applicants Sought
Zonta Club of Santa Clarita Valley celebrates Women in Film with the "Lundafest 2022" screening on Thursday, Oct. 6 at the Canyon Theater Guild in Newhall.
Oct. 6: Zonta Club of SCV Presents ‘Lunafest’
Henry Mayo Newhall Hospital is hosting “Let’s Get Back to Screening!” a symposium for medical professionals and members of the public that will focus on the importance of early cancer detection.
Sept. 10: Henry Mayo Newhall Hospital to Host Cancer Screening Symposium
Residents throughout the city of Santa Clarita regularly take advantage of the miles of paved off-street trails available for walking, running and cycling safely without having to worry about the hazards posed by vehicle traffic.
Aug. 24: Residents Invited to Public Meeting for Bouquet Canyon Trail Project
The Greater Los Angeles County Vector Control District has confirmed 28 additional mosquito samples that tested positive for West Nile virus.
Vector Control Confirms 28 Additional Positive West Nile Virus Samples
Head Coach Annett Davis could not have asked for a better schedule in terms of preparing The Master's University women's volleyball team for the challenges posed by the Golden State Athletic Conference and, hopefully, National Association of Intercollegiate Athletics nationals.
TMU Women’s Volleyball To Face Road Tests Early in 2022
California Credit Union encourages Santa Clarita Valley teachers who have an innovative class project idea to apply for a credit union grant through its biannual Teacher Grant program.
SCV Teachers Urged to Apply for California Credit Union Teacher Grants
SCVNews.com
%d bloggers like this: