The Center at Needham Ranch is still under construction but developers Trammell Crow Co. and Clarion Partners, LLC, announced Wednesday that they are closing a leasing deal for the center’s very first tenant.
Illumination Dynamics, a San Fernando Valley-based industry leader in offering lighting, grip and power distribution services, signed a long-term lease to call the 67,000-square-foot Building 1 of the industrial park home, according to a news release by Trammell Crow on Wednesday.
The price was not disclosed.
“We are excited about moving our corporate offices and operations to Santa Clarita,” Carly Barber, president of Illumination Dynamics, said in a prepared statement. “Our new state-of-the-art facility will allow us to continue to provide outstanding service to our customers with tremendous access throughout Southern California and beyond.”
Illumination Dynamics, which also operates in North Carolina, offers services to the special events and entertainment industries, including in motion picture, live entertainment and sports broadcast. The business is a subsidiary of ARRI Group, a worldwide leader within motion pictures, and has a team of about 1,500 staff.
Building 1, located at 21335 Needham Ranch Parkway, spreads across 3.6 acres and offers 67,639 square feet of industrial space. This facility is one of seven in phase one, which features 30- to 36-foot interior clear heights with early suppression, fast response sprinklers, generous truck courts, yard areas and architectural designs, according to the project’s site plan.
“We are pleased to welcome our first company to The Center at Needham Ranch and look forward to celebrating their future success and growth,” John Balestra, principal with TCC’s SoCal – Los Angeles Business Unit, said in the release.
Holly Schroeder, president and CEO of SCVEDC, who also assisted Illumination Dynamics in selecting Needham Ranch, said, “They are exactly the type of company we want to see move here and further proof the Santa Clarita Valley is an ideal location for the entertainment industry.”
The six other buildings that make up the 52 net-acre phase one are still under construction but Craig Peters, executive vice president of CBRE, who helped represent the developers in the transaction, said in a prepared statement that there is “tremendous interest in this project from a wide range of companies including many in the entertainment industry.”
Needham Ranch, the 135-acre industrial development located between Highway 14 and downtown Newhall, is advancing in vertical construction despite a wet winter. In March, developers announced the raising of the walls for building seven of phase one, something Balestra called a significant milestone for the overall project.