header image

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

Inside
Weather
Santa Clarita CA
Mostly cloudy
Mostly cloudy
53°F
 
Calendar
Today in
S.C.V. History
April 13
1935 - Gladys Carter convicted of manslaughter in fatal shooting of Frances Walker, of the Placerita Walkers [story]
Gladys Carter


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
1935 - Gladys Carter convicted of manslaughter in fatal shooting of Frances Walker, of the Placerita Walkers [story]
Gladys Carter
Los Angeles County Public Health officials will modify the Health Officer Order on Thursday, April 15, to align with changes to the state Blueprint for a Safer Economy regarding indoor live events and performances, private events such as conferences, receptions and meetings, and private informal gatherings.
April 15: L.A. County to Modify Health Officer Order to Align with State
Los Angeles County Public Health officials on Monday confirmed 3 new deaths and 411 new cases of COVID-19 countywide, as cases in the Santa Clarita Valley now total 27,482 since the pandemic began.
Monday COVID-19 Roundup: L.A. County Death Rate Higher for Men Than Women; SCV Cases Total 27,482
Show producers Jesse Collins, Stacey Sher, and Steven Soderbergh on Monday announced the all-star cast of presenters at the 93rd Oscars, which will air live on ABC on Sunday, April 25, at 5 p.m. PDT.
Academy Reveals All-Star Cast of Presenters for 93rd Oscars Telecast
The city of Santa Clarita’s Film Office has reported 10 productions filming in the Santa Clarita Valley aka "Hollywood North" the week of Monday, April 12-18, 2021
Now Filming in SCV: ‘Star Trek Picard,’ ‘Good Trouble,” 8 More Productions
College of the Canyons and Palmdale Oasis Park Recreation Center will begin operating as Los Angeles County-operated COVID-19 vaccination sites in the northern part of the county starting Monday, April 19.
L.A. County to Open Vaccination Sites at COC, in Palmdale; Magic Mountain Site to Close
As of Monday, Los Angeles County residents may apply for financial help to cover funeral expenses through FEMA’s COVID-19 Funeral Assistance Program.
FEMA COVID-19 Funeral Assistance Program Open to L.A. County Residents
In a 5-4 ruling late Friday night, the U.S. Supreme Court ruled that California can’t restrict home-based religious gatherings such as prayer meetings and Bible groups.
U.S. Supreme Court Blocks California Restriction on In-Home Religious Gatherings
A consulting firm hired by the city to evaluate the feasibility of establishing a city public health department in Santa Clarita did “not find a compelling case to change the basic structure of public health regulation” in Santa Clarita, according to a 17-page report published Friday as part of the Santa Clarita City Council’s Tuesday meeting agenda.
Report: No Compelling Case for Santa Clarita City Public Health Department
Henry Mayo Newhall Hospital will present to the Santa Clarita City Council Tuesday a hospital expansion plan to increase facilities by 200,000 square feet.
City Council to Weigh Henry Mayo Newhall Hospital Expansion Plan
The Santa Clarita Valley's COVID-19 vaccination rate has increased by about 5%, as 37% of residents 16 and older have received at least one dose of COVID-19 vaccine, according to data through April 4 published by the Los Angeles County Department of Public Health.
SCV COVID-19 Vaccination Rate Increases to 37%
1738 - Fr. Francisco Garcés born in Spain; came through SCV in 1776, found Tataviam fighting with Coastal Chumash, observed Santa Clara River flowing by night and dry by day despite the season being spring [story]
Garces statue
1987 - Ramona Chapel and Red Schoolhouse relocated to Heritage Junction [story]
Red Schoolhouse
1835 - Outlaw and Rocks/Park/High School namesake Tiburcio Vasquez born in Monterey, Calif. [story]
Tiburcio Vasquez
Nearly 100 people gathered in front of the highly anticipated Laemmle 7 in Newhall to officially open the theater to the Santa Clarita Valley community.
Laemmle Officially Opens in Old Town Newhall
The city of Santa Clarita Parks, Recreation and Community Services Commission recently met to receive an update from city staff about the status of the Pioneer Oil Refinery in Newhall.
Parks Commissioners Asked to Advise on Pioneer Oil Refinery’s Future
A judge’s ruling this week dealt a setback to the Tejon Ranch Co.’s proposed 19,000-unit Centennial development project in the upper northwest corner of Los Angeles County.
Judge Halts Centennial Development Project in Tejon Ranch
The California Community College Athletic Trainers Association has named longtime athletic trainer, and current College of the Canyons associate athletic director, Chad Peters its 2021 Athletic Trainer of the Year.
Chad Peters Named CCCATA 2021 Athletic Trainer of the Year
Los Angeles County Public Health on Friday confirmed 48 new deaths and 752 new cases of COVID-19 countywide, with 27,432 total cases in the Santa Clarita Valley.
Friday COVID-19 Roundup: 27,432 Total SCV Cases; County Nears 5 Million Administered Doses
The Santa Clarita City Council Legislative Committee briefly met Thursday morning to recommend that the City Council oppose four pieces of state legislation that would expand the state’s land-use authority.
Council Committee Recommends Opposition to State Land-Use Bills
In an effort to provide kids across the Santa Clarita Valley with a safe place to play and learn over spring break while parents are working, the Boys & Girls Club of SCV holds an annual camp.
Boys & Girls Club Holds Spring Break Camp
In recognition of public safety dispatchers' services, the California Highway Patrol joins other law enforcement agencies to recognize National Public Safety Telecommunicators Week on April 11-17, 2021.
CHP to Honor Public Safety Dispatchers During National Public Safety Telecommunicators Week
Officials in the Los Angeles County Sheriff’s Department will be hosting a virtual community discussion on child abuse prevention April 20.
L.A. County Sheriffs to Host Child Abuse Prevention Seminar
1937 - Pioneer aviator E.B. Christopher and passenger killed in crash of light plane on Ridge Route near Gorman [story]
wreckage
%d bloggers like this: