header image

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

Inside
Weather
Santa Clarita CA
Clear
Clear
67°F
 
Calendar
Today in
S.C.V. History
August 19
2013 - COC breaks ground on Culinary Arts Education building in Valencia [story]
iCue


CBRE announced the sale of a state-of-the-art 24,164 square-foot industrial facility to Tera McHugh and John McHugh, owners of Versatile Systems, Inc.

The property, located at 28258 Avenue Stanford, sits within the Valencia Industrial Center on one of the few freeway-fronting industrial lots in Valencia. The high-image space was built in 1987 and features 17’ minimum clearance height, four grade-level loading doors, 6,804 square feet of office space and immediate access to the Interstate 5. Wright Engineering shares the space, continuing to occupy a portion of the building after the sale.

CBRE’s Craig Peters and Sam Glendon represented the seller, 28258 Avenue Stanford, LLC. Lee & Associates’ Patrick Reddy represented the buyer, a Valencia-based company specializing in the design, manufacturing and installation of Cal/OSHA compliant fall protection systems with more than 25 years in the industry.

“We are thrilled to welcome Versatile Systems at the Valencia Industrial Center,“ said Peters. “Buyer interest has remained healthy though the COVID-19 pandemic, and we continue to see tremendous interest in Valencia”.

Reddy adds, “This location matches the current needs of Versatile Systems, Inc. for engineering, design, and fabrication of roof fall protection systems, including training, as well as providing the capacity for future expansion”.

The Greater Los Angeles industrial market ended the year on a high note, with 13.9 million square feet of user activity and 3.9 million square feet of positive absorption in the fourth quarter, according to CBRE research. The average monthly asking lease rate increased by 1 percent quarter over quarter, from $0.91 to $0.92 per square foot.

About CBRE Group, Inc.
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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. For more information, visit www.cbre.com.

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.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
2013 - COC breaks ground on Culinary Arts Education building in Valencia [story]
iCue
For students considering application for appointment to the U.S. Navy Academy, U.S. Military Academy at West Point, U.S. Air Force Academy, U.S. Coast Guard Academy or U.S. Merchant Marine Academy, an information night will be held Friday, Sept. 9, beginning at 6 p.m.
Sept. 9: Service Academy Appointment Information Night
The Santa Clarita Valley Chamber of Commerce announced Thursday the details of their 4th Annual Healthcare Forum.
Oct. 13: SCV Chamber’s Annual Healthcare Forum
This weekend, The Cube – Ice and Entertainment Center, Powered by FivePoint | Valencia, is excited to host the United States Figure Skating National Qualifying Series and the ISI Inaugural Open Competition.
The Cube Hosting Dual Skating Competitions
California State University, Northridge, and Cal Poly Pomona played to a 1-1 tie in men's soccer exhibition Wednesday at Matador Soccer Field.
Matadors, Cal Poly Pomona End in 1-1 Tie
Dinner and a stroll by the koi pond at The Patios in Valencia can now include a gallery tour and a chance to acquire some incredible works of art at J Sabry Fine Art.
Fine Art Gallery Comes to Valencia Town Center
The ARTree Community Arts Center has announced upcoming classes.
ARTree Announces Upcoming Classes
The Santa Clarita Valley Sheriff's Station received a call for service Tuesday at approximately 3 p.m., that reported a male adult, approximately 50 years old, was engaged in a physical altercation with a male juvenile, on the 24000 block of Copper Hill Drive in Valencia.
Detectives Investigating Brawl Between Man, Teenager
Logix Federal Credit Union announced it will host a panel of experts to address developments in our local economy including inflation, employment challenges, global influence, changing trends in home sales and more.
Logix Hosting Virtual Economic Forecast
Olive Branch Theatricals, a non-profit arts group in the Santa Clarita Valley, has announced a major change in its leadership team. OBT’s founding board members are stepping down from the organization for new pursuits in New York City.
Musette Caing Hart Named President/CEO of Olive Branch Theatricals
1921 - Los Angeles City High School District absorbs Newhall, Saugus and Castaic for grades 9-12. Students attend San Fernando High. (SCV approved for separate high school district in 1945.) [story]
Hart High
The Los Angeles County Department of Public Health confirmed 15 new deaths throughout L.A. County, 4,829 new cases countywide and 123 new cases in the Santa Clarita Valley.
Wednesday COVID Roundup: Santa Clarita Reports 123 New Cases
Santa Clarita is consistently one of the most filmed places in California because it’s located within the industry’s well-known 30-Mile Zone and offers thousands of film-friendly locations that can double for almost anywhere in the world.
SCVEDC: New Extension in Film Tax Credits Is Good News for Santa Clarita
At the Saugus Union School District Board meeting on Aug. 16, 2022, district leadership presented the results from a recent poll related to school safety.
SUSD Releases Results of Recent Safety Poll
The city of Santa Clarita invites the public to a groundbreaking ceremony for the second inclusive play area in the city.
Aug 22: Inclusive Play Area Groundbreaking At West Creek Park
The U.S. Food and Drug Administration issued an Emergency Use Authorization to allow the JYNNEOS vaccine to be given between layers of the skin for people 18 years of age and older at high risk for monkeypox infection.
Monkeypox Roundup: Public Health to Begin Administering Second Doses Of Vaccine
College of the Canyons has announced the appointment of longtime coach and Kinesiology & Physical Education faculty member John Wissmath as head coach of its women’s basketball program, effective immediately.
College of the Canyons Names John Wissmath Women’s Basketball Coach
Back-to-school season can be stressful for many kids and their parents, especially when scammers are back to work with online school shopping scams. 
County Consumer & Business Affairs Warns Of Potential Back-To-School Scams
Caltrans has launched a new push notification feature on its QuickMap app that allows drivers to automatically receive real-time notifications about nearby road closures, emergencies and other traffic updates.  
Caltrans QuickMap Push Notifications Now Available
Get your Stevie Nicks kicks and bell bottoms, and come ready to boogie down on Main Street at That 70s SENSES Block Party on Thursday, August 18 from 7 – 10 p.m.
Aug 18: SENSES Block Party, That 70s SENSES
In tribute to the men and women who have lost their lives as a result of wounds suffered in a war zone while serving in the United States Armed Forces since Sept. 11, 2001, the “Remembering Our Fallen” exhibit is a tribute to California’s nearly 750 fallen.
Sept. 24: Traveling Memorial Honors The Fallen At Valencia Town Center
Child & Family Center offers outpatient and intensive outpatient services for youth and adults who struggle with dependency on drugs or alcohol.
Child & Family Center Offers Drug, Alcohol Treatment
1925 - Newhall School Board announces meeting to determine fate of 3rd consecutive Newhall School at Lyons & Kansas Street (it was cut up and turned into homes) [story]
Newhall School
SCVNews.com
%d bloggers like this: