Pharmavite signs 2 Valencia leases

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Pharmavite LLC, a manufacturer of dietary supplements based in Santa Clarita, will consolidate and upgrade its facilities in Valencia Commerce Center.

The company, which markets vitamins and mineral supplements under the Nature Made brand, last month announced that it is entering into two new long-term leases, both running through 2030.

 

To support its growing operations, the company has signed a new long-term lease for a 229,000 square feet distribution and warehouse facility in the Valencia Commerce Center.

It also renewing a lease on an existing packaging facility located on Witherspoon Pkwy.

The new lease in the Valencia Commerce Center consolidates the company’s West Coast distribution, customer service, and warehousing operations under one roof for improved efficiencies. The company will also be making infrastructure and equipment investments to its current packaging facility.

Pharmavite is one of the larger employers in the Santa Clarita Valley, with more than 350 employees.

The company was founded in 1971, and since 1989 has been a unit of Otsuka Pharmaceutical Co., Ltd.

Otsuka is a Tokyo-based international manufacturer and distributor of pharmaceuticals,
clinical testing equipment, medical device and equipment, food products,
cosmetics, and other related products.

Otsuka Pharmceutical is a subsidiary of Otsuka Holdings, which has 45,000 employees. The company had sales of about $11 billion in 2016.

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