Construction on the Center at Needham Ranch has continued as developers announced recently that construction has been completed on all three buildings in Phase 1A.
“We are pleased to have completed the first subphase of this long-anticipated, state-of-the-art industrial park, which provides 451,500 square feet of new Class A space,” 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, located on Sierra Highway near Old Town Newhall, is just the first phase of a larger 252-acre site, which will help increase the limited supply of available industrial space and meet growing demand in the area, according to partnering developers TCC and Clarion Partners LLC.
Comprised of three industrial buildings, this phase totals more than 417,000 square feet, with each property featuring 36-foot minimum interior clear heights, ESFR fire sprinklers, large truck courts and secure yard areas.
Both Building 2 and 3 are ready for occupancy, with two stories of customizable office space available in each.
“The project provides occupiers with some of the best-in-class facilities in all of Southern California,” Philip Tsui, senior vice president with TCC’s SoCal – Los Angeles Business Unit, said in the statement. “We worked closely with our architect, HPA Inc., and the city of Santa Clarita to design architecturally distinctive image buildings that provide a high degree of functional utility and were designed to take advantage of the unique project setting, with visibility from the (Highway) 14 surrounded by abundant natural open space.”
Phase 1A has already seen significant interest and leasing activity, with the first occupant, Illumination Dynamics, which relocated from San Fernando, already in full operation in Building 1, according to Nicole Welch, senior vice president with Clarion Partners.
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 north of the city of Los Angeles boundary, a “highly strategic, close-in location, minutes from the 405 (and) 5 freeways with tremendous access to all of Southern California,” said Craig Peters of CBRE, the project’s leasing agent.
Phase 1B, which is comprised of three additional Class A industrial buildings, totaling 417,984 square feet, is slated for completion in April.