Trammell Crow Company and Clarion Partners are pleased to announce the acquisition of 54 acres of land for the development of The Center at Needham Ranch, a state-of-the-art business park in the city of Santa Clarita, CA. The project is the first phase of a larger 132-acre, fully entitled site approved for up to 4.2 million square feet of Class A industrial space. Phase 1 is scheduled to break ground in August 2017 and expected to begin deliveries during the Q3 2018.
Phase 1 of The Center at Needham Ranch will comprise of an 869,760-square-foot, 7-building Class A industrial park offering buildings ranging from 34,270-to-210,560 square feet, situated in a unique natural park-like setting amidst abundant open space. The state-of-the-art buildings will feature 30-to-36-foot clear heights with ESFR fire sprinklers, abundant dock high loading and large truck courts and yard areas.
“The city of Santa Clarita was recently named the most business-friendly city in Los Angeles County by the Los Angeles County Economic Development Corporation and is the premier location for business in this region,” said John Balestra, Senior Vice President with TCC’s SoCal – Los Angeles Business Unit. “There are many advantages to businesses operating in the city of Santa Clarita, including a lower cost of doing business, a tax incentive credit program, film and television production credits, and research and development tax credits. With a strategic location for manufacturing and distribution within the greater LA and Southern California regions and beyond, access to abundant skilled labor, and low crime and a high quality of life, we are excited to deliver a best-in-class project to the city of Santa Clarita community which at full build out will create thousands of employment opportunities for local residents.”
“The Greater Los Angeles industrial market continues to benefit from steady tenant demand as virtually everything on the market attracted solid activity with vacancy throughout the northern region sitting at 1.1 percent, a historical low” according to Craig Peters of CBRE. “The Center at Needham Ranch will provide a first-class business park in the southern end of the Santa Clarita Valley, which has limited available land for commercial development”. CBRE’s Peters and Doug Sonderegger are the leasing agents for the property.
“The extreme supply-and-demand imbalance makes projects such as The Center at Needham Ranch attractive given the severe lack of supply, in particular for modern Class A space,” according to Michael Marrone, Vice President at Clarion Partners.
The Center at Needham Ranch is one of several projects launched as part of the national industrial development program established by the TCC/Clarion Partners venture. The program is focused on the development of new Class A, industrial buildings in targeted markets throughout the United States.
Since 2001, Trammell Crow Company and Clarion Partners have partnered together on over 105 developments totaling more than 32 million square feet and $2.2 billion in investment.
“This is an incredible site, strategically located with easy access to the San Fernando Valley, Burbank Airport, LAX, Downtown LA and the ports,” said Philip Tsui, Vice President within TCC SoCal – Los Angeles. “It truly is the Center as there are nearly 5.3 million people living within a 30-minute commute from this site. It doesn’t get much more central than that.”
The Center at Needham Ranch is located at the southern entrance to the city of Santa Clarita within one mile of the intersection of Interstate 5 and Highway 14, 30 miles from Downtown Los Angeles and 15 miles from Burbank Airport.
The Project directly links to all areas within the San Fernando Valley and Greater Los Angeles County population centers and easily accessible from numerous major highways including the 5, 14, 405, 210, 118 and 126, in addition to Metrolink access via the Newhall Station in close proximity.
Plans for Phase 2 are underway to include additional speculative industrial space and build-to-suit sites for industrial, office and research and development facilities up to 400,000 square feet.
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18 Comments
Curious where is this exactly? Off of the 5 or 14? Which exit?
Trying to gauge how bad my commute will get ?
Next to eternal valley
Paul Nicholson Gotcha! Thanks!
This stinks. We have enough traffic on the 5 freeway
126 & 5???
Just the tip off the iceberg.
Great!! More traffic….
People bitch about not being enough jobs but when more jobs come they bitch about the traffic…
Guess the intersection of Newhall and Sierra Hwy is about to become awful. Are they going to improve the on and off ramps there to accommodate more traffic?
???
But with more jobs available, less people will have to commute! ?
This is just the first phase of a much larger project, also fully approved. When the larger project comes on line, a totally new road will connect Newhall Avenue to Sierra Highway. The new road will start just a short distance south east of the rail road tracks, and connect directly to Sierra Highway, south of Eternal Valley completely bypassing the intersection of Newhall Avenue and Sierra Highway. This will be a six lane highway. This is the same project that has been growing over 4000 new oak trees for about ten years, all of which will be planted on site, or in areas in Newhall, off site. This is also the project that gave, to the City, for free, 250 acres of land with about 12,000 oak trees on it, most hundreds of years old, just south of this new business park. The new road mentioned above, will make traffic at Newhall Ave. and Sierra Highway better than it is now, even with the full project. At full completion, the entire 500 acre plus project will employ 15,000 people. 15,000 people going to lunch each day, will finally fully revitalize old town Newhall, after decades of trying.
I have to get out of here
What happened to the “Open Space Tax” money that was suppose to go to buying landing surrounding SCV to prevent these types of land buys to go around our city permitters? The additional tax, included oil our property tax last time I looked was over $42./year. I wonder if that tax is used for all the unnecessary Long green signs going up around the city rivers beds and Parks Trails systems.
Yea, our City is so business friendly that they don’t care about the oak trees, even though it is on the City seal or the wildlife corridor even though it was supposedly what stopped the Elsmere Landfill right across from this project. Not even the County has ever approved the destruction of this many oaks for one project. It is a disgrace.
While they spend millions to purchase open space just west of this area because it was a county project, they can’t what to get their hands on the taxes from this part that is inside the City. Disgusting.This project will destroy about 1,400 Native California Oak Trees right next to Santa Clarita Open Space and a wild-life corridor, where Mountain Lions, Bob Cats, Bear, Deer, coyotes, and MANY more animals cross nightly from the Santa Susanna Mountains to the San Gabriel Mountains. This project is “cut-n-paste” with no imagination what so ever in how to co-exist with nature. How can the City of Santa Clarita allow this when they put out their signs “Tree City” ? Just think how amazing this project would be if the building were created AROUND the Oak Trees. Companies would stand in line to get in… as it is it will be an UGLE entrance to our Santa Clarita Valley. SAD SAD SAD
Not to mention that they allowed building on a ridge line. Anything for development and being business friendly. Let’s all sell our souls, or I guess we don’t have to. The City is doing it for us.