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The Center at Needham Ranch Business Park in Santa Clarita is in phase one of development and set to break ground this month on the 132-acre site.
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Trammell Crow Company (TCC) and Clarion Partners announced 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.
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 one is scheduled to break ground this month and expected to begin deliveries during the second half of 2018, according to officials. 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, according to officials.
Phase one of The Center at Needham Ranch Business Park in Santa Clarita will comprise of an 869,760-square-foot, seven-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, 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 L.A. 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 Center at Needham Ranch Business Park in Santa Clarita 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.
Do you have a news tip? Call us at (661) 298-1220, or drop us a line at community@hometownstation.com.“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. 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.
“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.
“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 Project directly links to all areas within the San Fernando Valley and Greater Los Angeles County population centers and is 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 two 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.
The information above was provided to KHTS by Trammell Crow Company.
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Where specifically is this proposed?
Within one mile of the intersection of Interstate 5 and Highway 14.
Terrific! Now the bottleneck will be corked.
It was proposed 15+ years ago … Just above Eternal Valley.
Thanks. Now the picture make sense. Looking south along the 14 with the I-5 running laterally at the top. Of course there are no oak trees; this is an “after” rendering. Not only that, the buildings float above the cemetery. Wowee! Pretty scary.
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
WHY couldn’t this project be “created AROUND the Oak Trees”? If it was proposed 15+ years ago, surely the oak trees could be saved and the business park still be a viable business center in Santa Clarita. Seems contrary to our “Open Spaces” and preserving the natural environment around the City.
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.
Not to mention that they allowed bu7ilding 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.
The picture provided by Trammel Crow shows no oak trees, where there are currently 1000’s of oak trees providing a natural habitat on the protected ridge-line.
Just what this valley needs – more traffic. The “leaders?” of this city need to have their heads examined. Shame. I’m embarrassed to say I’m from the Santa Clarita Valley where more houses, more traffic, more congestion, more pollution is more important than the quality of life. Remember this mess next Election Day.
Why don;t we leave this area alone and have the developers mitigate
the old Whittiker/Bermite property ??