As construction progresses on The Center at Needham Ranch, developers Trammell Crow Co. and Clarion Partners LLC, recently announced the closing of two leasing deals for buildings in the industrial park.
DrinkPAK LLC, a premier West Coast alcoholic and non-alcoholic beverage manufacturer, signed a seven-year lease for Building 2, while LA North Studios, one of Santa Clarita’s newest and largest soundstage facility and studio operators, signed a five-year lease to take over Building 5, according to news releases by Trammell Crow.
The price was not disclosed for either deal.
DrinkPAK to occupy Building 2
DrinkPAK provides comprehensive operational services, including procurement support, complex batching and processing, filling, packaging and on-site storage, as well as distribution.
This facility is set to be the first of its kind in California and in the Western U.S. when it is operational beginning in the spring of 2021, per the release.
“We are grateful for the support of Holly Schroeder and her team at the Santa Clarita Economic Development Corp. and the city of Santa Clarita to help us expedite a complex permitting process for this facility,” Nate Patena, CEO of DrinkPak, said in a prepared statement.
The new DrinkPAK facility is expected to feature three state-of-the-art high-speed beverage packaging lines capable of producing up to 4,900 cans per minute.
At full operation, DrinkPAK is set to employ approximately 200 employees at the new facility, producing 1.9 billion cans of product per year, including energy drinks, canned cocktails, hard seltzers and other beverages.
“We are pleased to welcome DrinkPAK to the Center at Needham Ranch,” John Balestra, principal with TCC’s SoCal – Los Angeles Business Unit, said in the release. “We are seeing significant food and beverage industry expansion across the U.S. and DrinkPAK recognized the competitive advantages of our development’s strategic location, high-quality, state-of-the-art buildings and the significant advantage provided by the business-friendly city of Santa Clarita, which affords companies like DrinkPAK with a lower cost of doing business.”
CBRE’s Craig Peters and Doug Sonderegger represented TCC and Clarion in the transaction, while Newmark’s Patrick DuRoss, John DeGrinis and Jeff Abraham represented the tenant.
LA North Studio to convert Building 5
LA North Studios provides sound stages, studios and other production services to major film studios, such as Warner Bros., Amazon Studios, Showtime, Netflix, Disney and Universal.
This is set to become LA North’s third production facility in Santa Clarita and is expected to be converted into a fully functioning satellite soundstage hub with F-1-certified sound stages when it opens in early 2021, per the release.
“As we have grown and scaled our business, LA North Studios has quickly become a preferred production facility in the region,” LA North co-founders Anthony Syracuse and John Prabhu said in the statement. “All of our sound stages are fully committed, and this expansion allows us to meet our clients’ needs today and into the future.”
CBRE’s Peters and Sonderegger also represented TCC and Clarion in this transaction.
“This lease with LA North Studios further validates that The Center at Needham Ranch is the perfect location for entertainment-related companies,” Peters said in the release. “LA North Studios is exactly the type of company we were hoping to find for The Center and is an ideal fit for the project. Their new stages will be able to accommodate the growing demand from content creators to find space within the studio zone.”
Both the 172,324-square-foot Building 2 and 113,640-square-foot Building 5 are Class A industrial spaces, featuring 36-foot clear height, ESFR sprinklers, 14 dock positions and 204 parking spaces.
Only two buildings in Phase 1 of The Center, which includes approximately 900,000 square feet of Class A industrial space and offers buildings ranging from approximately 67,639 square feet to 212,236 square feet, remain available for lease.
Phase 1 is part of a master-planned, 135-acre industrial park, located approximately 1 mile north of Interstate 5 and adjacent to Highway 14.
TCC and Clarion are set to break ground on Phase 2 of The Center before the end of 2020.