Progress on construction continues at the Center at Needham Ranch as officials announced Wednesday the raising of the walls has commenced for its last building in phase one.
Throughout the day, workers maneuvered cranes to lift what will soon become building 3 of the first cluster of buildings at the 135-acre industrial project site, located between Highway 14 and downtown Newhall.
“We have reached a significant milestone with the raising of the walls on our third building in the first subphase of this project,” said John Balestra, senior vice president with Trammell Crow’s Los Angeles Business Unit. “Based on robust occupier interest, we have given the green light to commence construction of the final three buildings in phase 1 of the project.”
Building 3 is situated on a 12.2-acre parcel along Sierra Highway and is set to feature 36-foot interior clear height, 21 dock high loading positions, early suppression fast response fire sprinklers and up to 300 vehicle parking spaces.
This structure accompanies two other buildings that make up phase one, which is a Class A industrial park that measures about 900,000 square feet. The area will offer buildings that range up to more than 212,000 square feet on a 52 net-acre location with state-of-the-art features.
According to developers Trammell Crow Co. and partners Clarion Partners, occupancy for buildings in phase one is expected by early 2020. In February, the Santa Clarita Planning Commission approved building 6 of the next phase.
The overall industrial development will be available for “last mile” and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office use.
“This project has completely transformed this important site for the city of Santa Clarita and we, along with our partner Clarion Partners, are pleased to be a part of delivering the first phase of this first-class business park,” Phil Tsui, vice president with TCC’s L.A. Business Unit, said in a statement.
Needham Ranch is considered the most significant pending industrial project in Los Angeles County, as mentioned in a report by the California Economic Forecast. Industrial spaces continue to be absorbed but once Needham Ranch is completed, “the market base will expand,” according to the report.
