An independent studio operator has signed a new lease for a more than 166,000-square-foot industrial building in Valencia, CBRE officials announced Thursday.
The Rockefeller Crossing, owned and operated by LBA Logistics, is located at 27420 Avenue Scott and features 30-foot clear-height ceilings, easy highway access and dock-high doors, and is near retail and foot options.
Craig Peters, CBRE executive vice president, and Sam Glendon, CBRE senior associate, represented the tenant and the landlord in the transaction.
“This is a prime location for a film studio and a great cost-alternative to other, pricier destinations in L.A. County due to the (city of Santa Clarita’s) extreme film-friendliness,” said Peters in a statement. “This particular operator has been very active and increasing its footprint in the area, following a general trend in this region in response to the tremendous demand from content creators.”
As part of one of the area’s industry clusters, Santa Clarita and local economic development leaders have set a primary focus on the entertainment industry, which has continued to grow over the years with transactions such as this.
“We are excited to see more stages coming to the Santa Clarita Valley to provide homes to the many production companies searching for space in Southern California,” said Holly Schroeder, chief executive officer of the Santa Clarita Valley Economic Development Corp. “We now have over 25 stages in our valley, which makes it one of the largest concentrations for the film and entertainment industry in Los Angeles County.”
