Construction on the Center at Needham Ranch has continued as developers announced recently that walls have been raised on all three buildings in Phase 1B.
“We are very pleased to see the second subphase of Needham Ranch now reach this key milestone,” John Balestra, principal with Trammell Crow Company’s SoCal — Los Angeles Business Unit, said in a prepared statement.
Construction on the 54-acre business park, which lies within a 132-acre industrial project site located on Sierra Highway near Old Town Newhall, is scheduled to be completed by the end of the first quarter of 2020, according to partnering developers TCC and Clarion Partners, LLC.
This phase, which is comprised of three industrial buildings, totals more than 417,000 square feet. Each building is expected to feature minimum clear heights of 30 to 36 feet, a minimum 120-foot truck court depth with secure yard areas, ESFR fire sprinklers and abundant vehicle parking.
“The project also boasts a unique park-like environment with tremendous freeway identity and breathtaking views, due to the abundant natural open space that surrounds it,” Nicole Welch, senior vice president with Clarion Partners, said in the statement.
Phase 1A, which also comprised of three buildings, is nearing completion and has seen significant interest and leasing activity, according to Balestra.
“We are excited to be delivering additional buildings to this project and occupiers are responding with great enthusiasm to our highly strategic close-in location compared to other areas in the LA North region,” Craig Peters of CBRE, the project’s leasing agent, added in the statement.
The project’s location has drawn the interest of potential tenants as it is close to the southern tip of Santa Clarita, less than one mile from the Newhall Pass, “providing convenient access for more than five million people within a 30-minute drive,” Balestra added.