Valencia Pipe Company Inc., a division of VPC Global, has leased 170,990 square feet at Vista Business Park in Valencia for $10.1 million, CBRE has announced.
Matt Dierckman, David Harding, Greg Geraci and Billy Walk represented the tenant, a manufacturer of steel tubing and pipes used in retail and wholesale.
“This new location provides Valencia Pipe Company with an excellent opportunity to expand its growing business and consolidate multiple locations into a single facility,” Andrew Dervin, CEO of VPC Global, said in a statement. “This will allow us to grow and to service our customers in the best way possible.”
The Class A property, located at 28305 Livingston Avenue, will serve as the company’s new headquarters and distribution facility, with its manufacturing operations remaining in Kingman, Ariz.
The site features heavy power, 22 ground-level loading doors, two dock high doors, 30’ clear height, and 344 parking spaces.
The landlord, Valencia LLC, is currently adding approximately 7,000 square feet of corporate office space on the site. Once completed, the company will vacate its current facilities in the Valencia Commerce Center on Industry Drive.
“We are pleased that Valencia Pipe Company will continue its tremendous growth here in the Santa Clarita Valley and take advantage of consolidating operations into a single, modern facility,” said Holly Schroeder, president and chief executive officer of the Santa Clarita Valley Economic Development Corporation.
Added Dierckman, “The lease structure allows the company to move all warehousing functions in early while the new corporate office space is being built, and it provides Valencia Pipe with the ability to lease and sublease its existing six facilities in the Valencia Commerce Center.”
The Valencia/Santa Clarita industrial market continues to see strong demand from a variety of companies and very little vacancy.
This, along with Santa Clarita being named “Most Business Friendly City” by the Los Angeles Economic Development Corporation, its strong labor force and amenity-rich environment is spurring new development and opportunity throughout the region.
Late Friday afternoon, a group of parents and student-athletes gathered in front of the William S. Hart Union High School District office to urge the district to bring athletic-conditioning back to school campuses.
A future open space trailhead in the Tesoro area will be named after a founding Santa Clarita city councilman, and a portion of land in Newhall after a family who has donated several acres of land to the city for open-space preservation.
The Los Angeles County Department of Public Health on Friday confirmed 258 new deaths and 15,051 new cases of COVID-19 countywide, with cases likely to reach over 1 million this weekend. In addition, the Santa Clarita Valley has reached 21,189 total cases.
The California Supreme Court declared Thursday that worker classification standards set forth in its Dynamex decision should apply retroactively to a labor class action from 15 years ago, as well as all non-final cases that predate the 2018 landmark ruling.
The MAIN is set to host eight weeks of free virtual productions from around the world from Jan. 22 through March 12 via Zoom for the Stage on Screen Theatre Fest's International Edition of online theatre.
Get ready to get your game on Sunday, March 14, as Soroptimist International of Valencia presents their annual fundraiser to benefit the Soroptimist’s Dream Programs: Live Your Dream and Dream It, Be It.
The Santa Clarita Valley and surrounding regional areas fell under a red flag warning, prompting Southern California Edison to monitor more than 28,000 of its customers for potential power shutoffs through the remainder of the week.
Los Angeles County Department of Public Health officials on Wednesday confirmed 14,564 new cases and 281 new deaths due to COVID-19 countywide, as Henry Mayo Newhall Hospital in Valencia reported another two new COVID-19 fatalities.
Rep. Mike Garcia, R-Santa Clarita, announced Wednesday he voted against impeaching President Donald Trump while the Democratic-controlled House of Representatives voted to impeach the president for “high crimes and misdemeanors” related to last week’s violent breach at the U.S. Capitol.
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