Los Angeles, CA
67K Lease Inked at Center at Needham Ranch
May 15, 2019
Carly Barber, President of Illumination Dynamics, stated, “We are excited about moving our corporate offices and operations to Santa Clarita. 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. The TCC and Clarion Team were great to work with and the City and SCVEDC were both critical in helping to make our vision a reality.”
Trammell Crow Company and Clarion are currently under construction with six buildings ranging from 67,639 to 212,236 square feet of Class A industrial space on a 52 net-acre Phase 1 site. “We are pleased to welcome our first company to The Center at Needham Ranch and look forward to celebrating their future success and growth,” said John Balestra, Principal with TCC’s SoCal – Los Angeles Business Unit. “While we are building a premier business campus, a unique feature is this project is situated in a beautiful park-like setting with access to hundreds of acres of open space. This amenity, combined with premier industrial space, is truly a win for all tenants.”
CBRE’s Craig Peters and Doug Sonderegger represented the development team in the transaction. CBRE’s Greg Geraci represented to tenant. “With the addition of Illumination Dynamics, The Center at Needham Ranch is proving the demand for attractive and highly functional buildings is strong,” said Peters. “We continue to see tremendous interest in this project from a wide range of companies including many in the entertainment industry.”
Holly Schroeder, President and CEO of the SCVEDC, commented, “We were so happy to assist Illumination Dynamics and help them understand the many benefits the area offers including a substantially lower cost of doing business. 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.”
Located just 1 mile outside the northern boundary of the City of Los Angeles, The Center at Needham Ranch is part of a master-planned, 135-acre industrial development provides immediate access to the San Fernando Valley and greater Los Angeles region with more than 5 million people within a 30-minute commute. Sitting at the southern entrance to the City of Santa Clarita, the development is ideally situated for “last mile” and regional distribution, studio and entertainment uses, manufacturing, research and development and corporate office uses.
Learn more about The Center at Needham Ranch by clicking the links below:
• Project Video
About Illumination Dynamics
Illumination Dynamics is a wholly owned subsidiary of ARRI Rental, a leading provider of camera, lighting and grip equipment in North America and Europe. With locations in Santa Clarita, CA, and Charlotte, NC, Illumination Dynamics provides lighting, grip, generators and power distribution to the feature film, commercial, broadcast and special event industries nationwide.
About Clarion Partners
Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 36 years. Headquartered in New York, the firm maintains offices in key markets throughout the United States and in London, England. With more than $45.6 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.